Central banks worldwide have proven the most agile first line of academic defense during the current pandemic and the Brazilian Central Bank is no exception. Moreover, the Banco Central was in the process of implementing several financial market reforms to modernize and render Brazilian capital markets more efficient. In response to the prospects of an economic and financial debacle, the BCB has put in place emergency credit facilities and lowered the SELIC policy rate target to an unprecedentedly low 2.0%. BCB President Roberto Campos Neto joined us to outline the current stance of monetary policy and its possible evolution, and discuss the progress on his reform initiative.

Moderator:

John H. Welch, Executive Director, Brazilian-American Chamber of Commerce

Speaker:

Roberto Campos Neto, President, Central Bank of Brazil

Click Here to See Roberto Campos Neto’s Presentation