Central Bank of Brazil
| |||
| Headquarters | Brasília, Federal District, Brazil | ||
|---|---|---|---|
| Coordinates | 15°48′11″S 47°53′08″W / 15.803083°S 47.885510°WCoordinates: 15°48′11″S 47°53′08″W / 15.803083°S 47.885510°W | ||
| Established | December 31, 1964 | ||
| President | Roberto Campos Neto | ||
| Central bank of | Brazil | ||
| Currency | Brazilian real BRL (ISO 4217) | ||
| Bank rate | 5.00%[1] | ||
| Website | www.bcb.gov.br | ||
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The Central Bank of Brazil (Portuguese: Banco Central do Brasil) is Brazil's central bank. It was established on December 31, 1964.
The Central Bank is linked with the Ministry of the Economy. 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.[2] It is managed by Monetary Policy Committee (COPOM) of the bank.[3]
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.[4] during the 2011 Global Policy Forum in Mexico.
Presidents[edit]
The most recent presidents of the bank have been:[5]
- Roberto Campos Neto: 28 February 2019 - present
- Ilan Goldfajn: 9 June 2016 – 28 February 2019
- Alexandre Tombini: 1 January 2011 – 9 June 2016
- Henrique Meirelles: 1 January 2003 – 31 December 2010
- Arminio Fraga: 4 March 1999 – 1 January 2003
- Gustavo Henrique de Barroso Franco: 20 August 1997 – 4 March 1999
- Gustavo Jorge Laboissière Loyola: 13 June 1995 – 20 August 1997
- Pérsio Arida: 11 January 1995 – 13 June 1995
- Gustavo Henrique de Barroso Franco: 31 December 1994 – 11 January 1995 (interim)
- Pedro Malan: 9 September 1993 – 31 December 1994
- Paulo César Ximenes: 26 March 1993 – 9 September 1993
See also[edit]
References[edit]
- ^ http://www.bcb.gov.br/?COPOMJUROS
- ^ Global, IndraStra. "The Central Bank of Brazil Maintains Selic Rate at 6.5%". IndraStra. ISSN 2381-3652.
- ^ "Banco Central do Brasil". www.bcb.gov.br. Retrieved 2018-06-23.
- ^ http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html
- ^ Galeria de ex-presidentes do Banco Central do Brasil, BCB, Accessed 18 November 2018
External links[edit]
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