Central Bank of Brazil

(redirected from Banco Central do Brasil)
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Central Bank of Brazil

The organization charged with issuing currency and regulating monetary policy. It is responsible for printing the Brazilian rial and for setting the overnight loan rate known as the SELIC. The Central Bank is informally called the Bacen. It was established in 1964.
References in periodicals archive ?
Interlocutor de primeira grandeza com os atores internacionais, o Banco Central do Brasil (BC) cria progressivamente um conjunto de normas, atraves de resolucoes e de programas especificos, que adaptam o sistema financeiro a 'opiniao' internacional e redesenham o quadro institucional no qual operam os bancos.
Formerly, he was appointed in 1999 as Governor of Banco Central do Brasil and served until December 2002.
Contudo, em 2011, a velocidade do crescimento das concessoes para esses bancos tambem arrefece, possivelmente devido as medidas macroprudenciais adotadas pelo Banco Central do Brasil (10).

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