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Tag: National Monetary Council (CMN)

RIO DE JANEIRO, BRAZIL - After posting record profits of R$469.6 (US$90.7) billion in 2020, the Central Bank earned R$85.9 billion in 2021. The National Monetary Council (CMN) yesterday, February 17, approved the institution's accounts for last year. Of the...
RIO DE JANEIRO, BRAZIL - The Senate on Wednesday, December 8, passed Bill 5.387/2019, which establishes the new foreign exchange legal framework. Having been passed by the Chamber of Deputies, the bill will now be submitted to the President...
RIO DE JANEIRO, BRAZIL - Transfers can be made between the same client's accounts in Brazil and abroad, as well as to third parties. For the latter, the requirement is that the funds must be used for "current expenses,"...
RIO DE JANEIRO, BRAZIL - The government is leaning toward setting a more ambitious inflation target of 3% for 2024 in an attempt to signal a commitment to anchoring expectations, according to three people familiar with the discussion. The final decision...
RIO DE JANEIRO, BRAZIL - The readjustment of expectations happened as the cases of Covid-19 were increasing in the country, starting at the end of February. At the beginning of the year, the projection of growth reached 3.50%, but, after...

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