Central bank independence key focus of Brazilian elections

central-bank-brazil
Central Bank of Brazil

When the Brazilian population goes to the polls to elect a new president on October 5, they will be voting on the independence of the Central Bank of Brazil, and the job security of its governor, Alexandre Tombini.

The central bank's autonomy has been one of the hot topics in this election campaign. Under the existing legislation, the central bank governor does not have a fixed term, while any of the nine-members of the monetary policy committee – the governor and his eight deputies – can be fir

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