About Central Bank of Brazil
In 1964, the Banking Law (No. 4,595) created the National Monetary Council (CMN) – the highest macroeconomic and financial regulatory authority – and the Banco Central do Brasil (BCB). Under this institutional framework, BCB performs its functions as monetary, regulatory and supervisory authority in accordance with guidelines issued by the CMN. It is worthy to highlight that the BCB’s Governor has one of three votes in every deliberation of the CMN… Continue reading about Central Bank of Brazil here.