BRASILIA (Reuters) – Brazil’s new right-wing President Jair Bolsonaro will work to establish the formal independence of the country’s central bank in his first 100 days in office, his chief of staff Onyx Lorenzoni said on Wednesday.
Although the Brazilian central bank enjoys administrative autonomy, it is one of the few major central banks in the world that does not have formal institutional independence.
Year - Bolsonaro - Legislation - Bank
While campaigning last year, Bolsonaro promised to propose legislation to make the bank formally independent.
Lorenzoni spoke to reporters on the goals of the first 100 days of the Bolsonaro administration, which took office on Jan. 1.
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