Brazil’s Prosecutor-General advises that Central Bank autonomy law is technically unconstitutional

Prosecutor-General Augusto Aras called on the Federal Supreme Court (STF) on Tuesday, April 27th, to recognize the technical unconstitutionality of the statute that established the Central Bank's autonomy.

RIO DE JANEIRO, BRAZIL - In his report to the Federal Supreme Court (STF), on Tuesday, April 27th, the Federal Prosecutor-General (PGR) Augusto Aras refrained from discussing the substance of whether or not the Central Bank should be autonomous.

Rather, submitting a brief as part of a lawsuit filed by opposition political parties PT and PSOL, the PGR called on the Court (STF) to recognize the technical unconstitutionality of the law that established the Central Bank's autonomy.

Aras pointed out that the rule passed by Congress and sanctioned by President Jair Bolsonaro originated from a bill that was first . . .

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