Monetary Policy Committee of the Central Bank of Brazil

E806344

The Monetary Policy Committee of the Central Bank of Brazil is the decision-making body responsible for setting the country’s benchmark interest rate and guiding its overall monetary policy to control inflation and support economic stability.

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Statements (47)

Predicate Object
instanceOf decision-making body
monetary policy committee
aimsTo contribute to sustainable economic growth
keep inflation within target range
appliesToJurisdiction Brazil NERFINISHED
country Brazil
decisionType interest rate decisions
monetary policy stance
field central banking
macroeconomic policy
governs short-term interest rates in Brazil
headquartersCountry Brazil NERFINISHED
headquartersLocation Brasília NERFINISHED
jurisdiction Brazilian economy
languageOfWork Portuguese
legalBasis Brazilian monetary law
mainFunction conduct monetary policy
control inflation
set benchmark interest rate
support economic stability
meetingLocation Central Bank of Brazil headquarters NERFINISHED
meets regularly
monitors economic activity indicators
financial conditions
inflation indicators
nativeName Comitê de Política Monetária do Banco Central do Brasil NERFINISHED
nativeNameLanguage Portuguese
operatesWithin Brazilian financial system
parentOrganization Central Bank of Brazil NERFINISHED
partOf Central Bank of Brazil NERFINISHED
policyArea monetary policy
policyObjective economic stability
inflation targeting
price stability
publishes interest rate decisions
monetary policy statements
regionServed Federative Republic of Brazil NERFINISHED
reportsTo Board of the Central Bank of Brazil NERFINISHED
responsibleFor implementation of monetary policy guidelines
sector public sector
sets SELIC rate
shortName COPOM NERFINISHED
typeOfRateSet policy interest rate
usesFramework inflation targeting regime
usesInstrument open market operations
reserve requirements
standing facilities

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Referenced by (1)

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SELIC rate determinedBy Monetary Policy Committee of the Central Bank of Brazil