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BRAZIL

On the fiscal front, a reform vote in the Senate scheduled for Thursday has been postponed into next week.


Bolsonaro signs a bill into law on brazil's central bank autonomy.

  • The law does not change the way the bank sets interest rates but cushions it from politics by setting fixed four-year terms for its governor and directors that will no longer coincide with the presidential election cycle.
  • Additionally, the bank's president will also no longer be part of the cabinet of ministers
  • Bolsonaro said he has taken the action as he has complete trust in Governor Campos Neto.

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