Campos Neto wants to expand the independence of the central bank

president central bankIn Congress, Roberto Campos Neto works to expand the institution's independence. The authority gained operational independence about three years ago under the government Jair Bolsonaro (PL). The Monetary Authority head is now negotiating with Finance Minister Fernando Haddad to approve a proposed amendment to the constitution that would bring more financial and budgetary freedom to the Reserve Bank.

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If the PEC wins a sufficient number of votes from representatives and senators, the PEC will begin to function as an institution of a special nature with technical, operational, administrative, budgetary and financial autonomy. It will be organized as a public company with police powers.

In an interview with NewspaperCampos Neto stated that this “financial independence is a step towards improving the framework of self-government in British Columbia.”

+ “The central bank is melting,” says Roberto Campos Neto.

According to the President, more than 90% of the world's central banks that have operational independence also have financial independence.

Once he began coordinating the BC Commission's agenda with Congress, the foundation's president saw mixed reactions from government members Lola (PT). As stated to Bound“To the point where dialogue with Haddad stopped.”

Campos Neto, on the fight against inflation: “There is still a lot of work to be done”

At the meeting between the two leaders, on the first Friday, Campos Neto assured the minister that nothing would be done “by default.” “I tried to make him comfortable,” he declared.

The bank president also explained that he, like the Senate, is “very open” to discussion with the government. “The PEC is the beginning of the debate, and it is a skeleton that can be improved.”