Brazil Central Bank Autonomy May Be Voted By Chamber After Carnaval

The bill provides four-year terms for the President and Directors of the Central Bank, which will no longer come under the Ministry of Economy.

RIO DE JANEIRO, BRAZIL - The bill proposing Central Bank (BC) autonomy may be passed in the Chamber of Deputies after Carnaval. This is expected by deputies who attended, on Thursday, February 6th, a meeting with the president of the Central Bank, Roberto Campos Neto, at the bank's headquarters.

Complementary Bill 200/1989 grants the Central Bank technical, operational, administrative and financial autonomy. The government's Central Bank autonomy bill, submitted last year to Congress, was appended to the one now being analyzed by the Chamber.

After the meeting, the MDB party leader in the Chamber, Deputy Baleia Rossi, said . . .

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