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BCB Governor Campos Neto Says Autonomy Was Tested But Prevailed

BRAZIL
  • Ongoing headlines filtering through from Brazil Central Bank Governor Campos Neto via Reuters:
    • We managed to maintain technical work throughout this new government. Obviously there were noises from the first big test for our autonomy status, but I think they were overcome.
    • In five years, the financial system will be more segmented.
    • I foresee a marketplace environment where there is a greater range of services, assets will be more tokenized. The financial system will be more competitive, inclusive.
    • Climate change affects our mandate in several different dimensions. I think Brazil should play a fundamental role in creating and regulating the carbon market. We have a huge opportunity to monetize forest conservation.
    • We have a medium-term agenda involving financial and administrative autonomy of the central bank
    • We do not want and will not make any type of change that would influence people's ability to buy on the credit card issue. Our goal is not to end paper money, but to transform financial intermediation into something more efficient.

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