Banco Central do Brasil
The Central Bank of Brazil (BCB; Portuguese: Banco Central do Brasil, pronounced [ˈbɐ̃ku sẽˈtɾaw du bɾaˈziw]) is the central bank of Brazil. It is the country's chief monetary authority and is responsible for maintaining the stability of the national currency's purchasing power. The bank was established on 31 December 1964.
Institutional profile
Institutional role and background
The Central Bank of Brazil (BCB; Portuguese: Banco Central do Brasil, pronounced [ˈbɐ̃ku sẽˈtɾaw du bɾaˈziw]) is the central bank of Brazil. It is the country's chief monetary authority and is responsible for maintaining the stability of the national currency's purchasing power. The bank was established on 31 December 1964. [3]
The Central Bank of Brazil is not affiliated with any ministry and, like other central banks, exercises monetary authority in the country. It was created through the merger of three institutions: the Superintendência da Moeda e do Crédito (SUMOC), the Bank of Brazil (BB), and the National Treasury. One of the main instruments of Brazil's monetary policy is the bank's benchmark overnight interest rate, known as the SELIC rate, which is set by the bank's Monetary Policy Committee (Copom). The bank is also active in promoting financial inclusion and is a leading member of the Alliance for Financial Inclusion. [3]
It was one of the original 17 regulatory institutions to make national commitments to financial inclusion under the Maya Declaration. Since 25 February 2021, the bank has been institutionally independent from the federal government. [3]
Selected introductory text by Wikipedia contributors — Central Bank of Brazil, under CC BY-SA 4.0. Official facts are cited separately.
Source-supported connections
Frequently asked questions
When was Banco Central do Brasil established?
1964-12-31; 1964. See the linked source for the institutional record. [2]
Where is Banco Central do Brasil headquartered?
Brasília. See the linked source for the institutional record. [2]
Banco Central do Brasil connection map
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Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
- Reference source ↗
- Wikidata background facts (CC0) ↗
- Wikipedia contributors — Central Bank of Brazil (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.