🎙️ #PODCAST: Cutting the Central Bank's cord?
Since 2021, Brazil’s Central Bank has enjoyed greater autonomy, marking a significant shift in the country’s economic governance. This autonomy means that the bank's directors are appointed to four-year terms that do not coincide with presidential terms, supposedly shielding the bank from political interference.
However, this increased independence has not come without controversy. Brazil’s benchmark interest rates, which have remained in the double digits for the past two and a half years, have become a hot topic in the country’s political landscape.
Now, a new development on the horizon could further insulate the Central Bank from political pressures. Congress is analyzing a bill that would grant the Central Bank budgetary independence.
In this week's episode, we’ll explore what these changes mean for Brazil’s economy, the political implications, and what we might expect in the near future.
🎧Listen to our full podcast at Brazilian.Report
#CentralBank #Budget #Business #Economy #Brazil
