Central Bank of Brazil (BCB)
Brazilian central bank outlines CBDC project
Drex is being developed on a distributed ledger platform with smart contracts
Brazil’s CBDC to improve access to ‘intelligent financial services’
BCB expected to launch digital currency in 2024
Brazil governor promises to end high-interest rotating credit
Campos Neto tells legislators central bank achieved “soft landing” on monetary policy
Bank of Mexico holds rates
Board decides not to follow Chile and Brazil’s rate cuts despite falling inflation
Brazil split decision not a problem for central bank credibility
Central bank voted 5–4 for larger-than-expected cut
Brazil makes first rate cut in cycle
Board divides 5–4 over size of reduction, with majority backing larger 50bp option
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Central Bank of Ecuador general manager speaks about the need to bolster the central bank’s legal autonomy, dollarisation challenges, payments developments and monetising local gold production
Brazilian president’s nominees confirmed for central bank board
Observers speculate Galípolo may be next governor, while Santos is first Black board member
Brazil regulators cut off loans for environmental law violators
Resolution marks change in policy from Bolsonaro era
Brazil moves to adopt new targeting regime
National monetary council says it will aim for permanent inflation target from 2025
Latin America: Brazil holds rates despite president’s attack
Chilean board also holds policy, while Costa Rica cuts after inflation goes below target
Central Bank of Brazil gains crypto regulation powers
BCB will grant and withdraw licences, and oversee operations and management
Campos Neto repeats opposition to common currency
Digital payments have outstripped benefits of “very old idea”
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Third-party risks are a first priority for central banks
Cyber and concentration risks crystallise co-operation between critical infrastructure providers
Governors weigh trade-offs between inflation and financial stability
Officials stress central bank independence is key to addressing these risks
Trends in reserve management 2023: survey results
Insights on inflation, asset diversification, geopolitical risk, risk management frameworks and ESG adoption
EME central banks must keep policies tight, says IMF deputy
Gita Gopinath says “markets are probably too optimistic” about cost of lowering inflation
Lula’s risky challenge to the Brazilian central bank
President can nominate board members and increase inflation target as he pushes for lower rates
Brazil’s president selects ally for central bank board
Lula has repeatedly attacked central bank independence as well as the governor
Brazilian MPC holds key rate again
Central bank warns of “lingering uncertainty” over future fiscal policy
Brazilian governor rejects senator’s rate cut ‘plea’
Campos Neto says he leads a “technical body that makes technical decisions”
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking