Brazilian president unveils draft law to increase central bank independence
Draft law would give governor fixed term but nine similar measures have failed since 1991
Brazil’s president Jair Bolsonaro signed a draft law on April 11 that, if approved by parliament, would reinforce the independence of the Central Bank of Brazil.
The draft law still needs to obtain the support of both houses of Brazil’s legislature, the chamber of deputies and the senate, before passing.
The reform would give the central bank complete autonomy to set the monetary policy framework, and specific policy targets, as well as to implement the measures it thinks necessary to
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