16 November 2010

BRASIL: 1ST UPDATE: Central Banker Meirelles Refuses To Stay Unless Autonomy And Permanence Promised.

BBC/LONG PROFILE With Graphs / 
Robert Plummer /
    Longtime Central Bank chief Henrique Meirelles  says he will quit UNLESS President-elect Dilma Rousseff promises him guarantees of “absolute autonomy” and allows him to stay on the job well past the first quarter of 2011. He will meet with Rousseff  next week.
    Meirelles has been monitoring Brasil's inflation rate for nearly eight years.
    The media report that Rousseff wants to lower the high interest rates that Meirelles believes kept Brasil's infamous inflation finally in-check.
    The rumor is that Finance Minister Guido Mantega is safe and has accepted Rousseff’s invitation to remain in his position.

UPDATE, 19 NOV: FOR  MANTEGNA DETAILS , SEE:
http://en.mercopress.com/2010/11/19/brazilian-central-bank-chief-steps-down-from-president-elect-rousseff-s-team