Economics
Brazil Top Court Upholds Law Granting Central Bank Autonomy
- Autonomy to be considered a win for investors, monetary policy
- Vote happens amid increased agitation between president, court
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A majority of Brazil’s Supreme Court justices have voted to uphold the constitutionality of a law granting the central bank formal autonomy, a key piece of legislation considered by investors as a victory for monetary policy making in Latin America’s largest economy.
Eight justices voted in support of the law on Thursday, and two against.