Nilton David

Nilton David is the current Director of Monetary Policy at the Central Bank of Brazil, having assumed the position in January 2023 after Gabriel Galípolo moved on to preside over the bank. He has recently been in the news for his assessment of the inflationary crisis affecting Brazil, particularly in relation to food prices, indicating that the worst of the inflation is yet to come. David emphasized the Central Bank's commitment to maintaining an inflation target of 3% per year, despite forecasts suggesting inflation rates will remain above this target through the first half of the year. His remarks reflect the ongoing challenges faced by the Central Bank in navigating monetary policy amidst a complex economic landscape.