The Central Bank Of Brazil (Portuguese: Banco Central Do Brasil) Is The Supreme Monetary Authority Of Brazil, The Financial And Economic Agency Of The Government. It Was Established On December 31, 1964.
The Central Bank And The Brazilian Ministry Of Finance Cooperate With Each Other. Like Other Central Banks, The Central Bank Of Brazil Is The Country's Main Monetary Authority. It Was Formed By Three Departments, The Bureau Of Currency And Credit, The Bank Of Brasil, And The National Treasury, And Succeeded Them In Exercising Their Functions.
Policy Rate
The Central Bank Of Brazil Uses The Base Rate As The Policy Rate, Which Is Set By The Monetary Policy Committee At Meetings Held Every 45 Days. As Of September 2022, The Base Rate Is 13.75%.
Incident
On August 6 And 7, 2005, A Gang Of Unknown Robbers Dug Tunnels And Entered The Branch Of The Central Bank In Fortaleza, Using Five Banknote Boxes Holding 50 Reais, Stealing About 15.60 Billion Reais (68 Million Dollars, 36 Million Pounds, 55 Million Euros). The Robbers Managed To Evade Or Cut Off The Sirens And Sensors Inside The Bank, So The Theft Of The Fortaleza Branch Was Not Discovered Until The Morning Of The Bank's Opening On Monday (August 8). The Incident Was Changed To The TV Series "The Great Robbery Of Brazil's Central Bank" And Released On Netflix In 2022.
