Central Bank of Brazil Banco Central do Brasil |
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Headquarters | Brasília, Brazil | ||
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Established | December 31, 1964 | ||
President | Alexandre Tombini | ||
Central bank of | Brazil | ||
Currency | Brazilian real | ||
ISO 4217 Code | BRL | ||
Base borrowing rate | 12.00%[1] | ||
Website | www.bc.gov.br |
The Central Bank of Brazil (Portuguese: Banco Central do Brasil) is Brazil's monetary authority. It was established on December 31, 1964.
The Central Bank is linked with the Ministry of Finance. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the Bureau of Currency and Credit (SUMOC), the Bank of Brazil (BB), and the National Treasury.
One of the arms of Brazil's monetary policy is the Banco Central do Brasil's SELIC rate.
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Presidents of the bank have been:[2]
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