Central Bank of Brazil

Central Bank of Brazil
Banco Central do Brasil


Headquarters
Headquarters Brasília, Federal District, Brazil
Coordinates 15°48′11″S 47°53′08″W / 15.803083°S 47.885510°W / -15.803083; -47.885510Coordinates: 15°48′11″S 47°53′08″W / 15.803083°S 47.885510°W / -15.803083; -47.885510
Established December 31, 1964
President Ilan Goldfajn
Central bank of Brazil
Currency Brazilian real
BRL (ISO 4217)
Bank rate 6.50%[1]
Website www.bcb.gov.br

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

Presidents of the bank have been:[5]

See also

References

  1. ↑ http://www.bcb.gov.br/?COPOMJUROS
  2. ↑ Global, IndraStra. "The Central Bank of Brazil Maintains Selic Rate at 6.5%". IndraStra. ISSN 2381-3652.
  3. ↑ "Banco Central do Brasil". www.bcb.gov.br. Retrieved 2018-06-23.
  4. ↑ http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html
  5. ↑ http://www.bc.gov.br/?HISTORIAPRESI


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