Central Bank
President Lee nominates BIS official Shin Hyun-song as BOK governor
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President Lee Jae Myung nominated Shin Hyun-song, an official at the Bank for International Settlements (BIS), as the new governor of the Bank of Korea (BOK) on Sunday. Shin will replace current Gov. Rhee Chang-yong at the end of his four-year term in April. The choice aims to balance price stability and economic growth amid global uncertainty from the Middle East crisis.
Argentina's Central Bank (BCRA) purchased US$146 million in the foreign exchange market, continuing an ongoing streak of more than 50 consecutive days of net buying and approaching 40% of its annual reserve accumulation target. Gross reserves closed at US$43.800 million.
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BTG Pactual detected atypical Pix activities on the morning of Sunday, March 22, 2026, leading to a temporary suspension after hackers diverted about R$ 100 million. The bank states no client accounts were accessed or data exposed. Most of the amount has already been recovered.
The dollar exchange rate has fallen by $55 since the start of the year, despite the Central Bank's purchases adding over US$1,600 million to its reserves. Financial quotations are also losing ground in this context.
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François Villeroy de Galhau, governor of the Bank of France, has announced his early departure from office in early June, although his mandate was set to end in late 2027. This surprise decision was shared with bank staff and authorities. He will next lead the Fondation Apprentis d’Auteuil.
On Friday, January 30, dollar exchange rates in Argentina highlighted available options without currency restrictions, including official, blue, MEP, and other variants. The official dollar is obtainable in banks without limits, though a 30% surcharge remains for card spending abroad.
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The Monetary Policy Committee (Copom) of Brazil's Central Bank kept the Selic rate at 15% per year for the fifth consecutive time on January 28, 2026, but signaled it will start cuts at the March meeting if the economic scenario holds. The decision reflects cooling inflation, which ended 2025 at 4.26%, below the target ceiling. Analysts and groups like the CNI see room for easing, but the BC stresses caution amid unanchored expectations and global uncertainties.
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