Bloomberg News

Brazil Government Denies Report of Changes in Economic Team

October 22, 2012

Brazil denied a Correio Braziliense report that the government is considering leadership changes at the central bank and Finance Ministry.

The newspaper article is “baseless,” according to an e- mailed statement from the presidency’s social communications secretariat today.

Correio Braziliense reported today that some officials are pushing for a revamp of the government’s economic team, with central bank President Alexandre Tombini the most likely person to replace Finance Minister Guido Mantega. Tombini would probably be replaced by central bank director Luiz Awazu Pereira, the Brasilia-based newspaper said, without saying where it got the information.

To contact the reporter on this story: Carla Simoes in Brasilia at csimoes1@bloomberg.net.

To contact the editor responsible for this story: Harry Maurer at hmaurer@bloomberg.net.


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