Economics
Brazil Government Resists Bid to Make Central Bank Target Growth
- Opposition set to present amendment opposed by Campos Neto
- Center parties could support the change to government proposal
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Brazil’s government is trying to fight off a move by some lawmakers to force the central bank to target growth as well as inflation, at a time when the country is trying to grant the monetary authority independence.
Opposition lower house deputies plan to present an amendment to the bill that would set an additional target for the central bank - either employment or growth level - alongside its mandate to keep prices stable. In the Senate, the movement is spearheaded by the largest party, the MDB.