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Central Bank of Brazil

Monetary Authority of Brazil

Summary

Monetary Authority of Brazil

Field	Value
bank_name_in_local	Banco Central do Brasil
logo	Banco-central-do-brasil-logo.png
image	Edifício sede do Banco Central do Brasil (16011635094).jpg
caption	Headquarters
headquarters	SBS, Quadra 03, Bloco B
Brasília, Federal District
ownership	Independent entity
reserves	US$ 341.46 billion (May 2025)
coordinates
established
president	Gabriel Galípolo
leader_title	President
bank_of	Brazil
currency	Brazilian real
currency_iso	BRL
interest_rate_target	15%
website
logo_size	200 px

Brasília, Federal District

Brazilian bonds had an [[Inverted yield curve]] starting in August 2014 as part of the [[2014 Brazilian economic crisis

]] The Central Bank of Brazil (, ) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 December 1964.

The bank is not linked to any ministry, currently being autonomous. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the Bureau of Currency and Credit (SUMOC), the Bank of Brazil (BB), and the National Treasury.

One of the main instruments of Brazil's monetary policy is the Banco Central do Brasil's overnight rate, called the SELIC rate. It is managed by Monetary Policy Committee (COPOM) of the bank.

The bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration. during the 2011 Global Policy Forum in Mexico.

Since 25 February 2021, it is independent from the Federal Government.

Independence of the Central Bank

On 3 November 2020, the bill of the Independence of Central Bank passed the Senate, by 56 votes to 12.

And on 10 February 2021, in the Chamber of Deputies was approved by 339 votes in favor and 114 against without changes, going to President Jair Bolsonaro's sanction, generating the Federal Complementary Law No. 179 of 24 February 2021.

With the Federal Complementary Law No. 179 of 24 February 2021, it became autonomous, in addition to gaining a new organizational structure.

Presidents

Appointed by the Executive

Under Autonomous Election

References

(11 February 2021). "Brazil passes law giving autonomy to central bank".
"Detalhamento do Gráfico – Reservas Internacionais".
Resende, Thiago. (18 June 2025). "Banco Central eleva Selic para 15% ao ano, maior patamar desde 2006".
(22 June 2018). "The Central Bank of Brazil Maintains Selic Rate at 6.5%". IndraStra.
"Banco Central do Brasil".
"Maya Declaration Urges Financial Inclusion for World's Unbanked Populations — RIVIERA MAYA, Mexico, Sept. 30, 2011/PRNewswire-USNewswire/".
(25 February 2021). "Autonomia do Banco Central é sancionada".
"Autonomia do BC: Senado aprova PLP 19/2019 e matéria segue para a Câmara | SINAL – Sindicato Nacional dos Funcionários do Banco Central".
(4 November 2020). "Senado aprova projeto de lei que dá autonomia ao Banco Central – Migalhas".
(10 February 2021). "Câmara aprova projeto de autonomia do Banco Central por 339 votos a 114".
(10 February 2021). "Câmara aprova texto-base da autonomia do Banco Central".
(24 February 2021). "Bolsonaro sanciona lei que estabelece a autonomia do Banco Central; veja detalhes".
(24 February 2021). "Bolsonaro sanciona projeto que dá autonomia ao Banco Central".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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