Bond purchases will not imperil independence – Brazilian governor

Roberto Campos Neto
Photo: Edilson Rodrigues/Agência Senado

The recently acquired bond-buying powers of the Central Bank of Brazil (BCB) will not imperil the independence of the institution, says governor Roberto Campos Neto.

In a recent in-depth interview with Central Banking, the governor stresses these temporary powers granted by Congress face strict limitations.

For instance, a constitutional amendment approved on May 7 restricts the central bank’s asset purchases to the secondary domestic market. Additionally, securities must at the time of

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