Brazilian bill paves way for central bank autonomy

- Central Banking staff
- 16 May 2003

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A bill was approved on Thursday 15 May which allows changes to the legal framework of Brazil's financial system and could see more autonomy for the central bank. The vote, which was carried with a 97% majority in favour, will now come into law automatically.

Source: Reuters

Brazil's lower chamber of Congress approved on Thursday, in its second vote, a bill paving the way for Central Bank autonomy.

Approval of the bill, by 368 in favor to 13 against, should please investors, who see central bank

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