August 11, 2017 / 10:32 AM / 2 years ago

Brazil nominates two from central bank for rate-setting board

The central bank headquarters building is seen in Brasilia, Brazil May 16, 2017. REUTERS/Ueslei Marcelino

SAO PAULO (Reuters) - The Brazilian government on Friday nominated two officials of the central bank for its interest-rate setting board, according to the official gazette, pending approval by the Senate.

The two nominees are Paulo Sérgio Neves de Souza, head of the bank’s banking supervision department, and Maurício Costa Moura, who heads the governor’s office.

In a statement, the central bank said Souza was set to replace Anthero Meirelles as director of supervision, and Moura would take Luiz Feltrim’s place as director of administration. Both directors had asked to step down from their posts.

Souza and Moura have been with the central bank for more than a decade. Both began their careers there at the department that Souza now heads.

Reporting by Patrícia Duarte and Bruno Federowski; Writing by Bruno Federowski; Editing by Kevin Liffey and Lisa Von Ahn

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