National Monetary Council

National Monetary Council

An organization that sets monetary policy for the Central Bank of Brazil. It consists of the Finance Minister, the Planning Minister and the Governor of the Central Bank. It was created in 1964 by the same legislation that created the Bank itself.
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The Basel Index reached 19.6%, higher than the minimum of 11.0% regulated by National Monetary Council Resolutions, which regulate the recommendations of the Basel Committee on Banking Supervision regarding the capital structure of financial institutions.
The National Monetary Council has authorised the central bank to begin implementing Basel III banking sector recommendations in the period.
He said a decree is expected to be published in the official federal gazette but, to come into force, it will still depend on the National Monetary Council, which will ultimately determine the credit lines' interest rates.
The National Monetary Council has authorized the bank to mint the commemorative coins, nearly four months after Brazil's World Cup triumph with a 2-0 win over Germany in the final in Yokohama.
Brazil's National Monetary Council (CMN), the country's top monetary authority, has granted permission to ABN Amro Bank to boost its stake in Banco Real.
Brazil's National Monetary Council has changed the regulations for compulsory bank deposits in order to inject BRL40bn (USD17bn) into the Brazilian economy.
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