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Central Bank: Future Administration Bolsonaro to Submit Project to Give Independence

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Economist Paulo Guedes, the chief economic adviser to President-elect Jair Bolsonaro, reaffirmed on Tuesday, Oct. 30th, that the future administration will send a project to give independence to the Central Bank. According to Guedes, the current transition of government will be the last one in which there will be uncertainty about the command of the monetary authority.

“From now on, as we will approve the independence of the Central Bank (BC), we will know that this source of uncertainty will be eliminated by the Central Bank. This is the last transition that has this uncertainty,” Guedes said in an interview with before entering the house of businessman Paulo Marinho, in Rio, where he is meeting with Bolsonaro.

Guedes stressed that the independence of the BC will be approved in a bill. “The essence of this project is non-coincident mandates,” said the economist.

Bolsonaro‘s aide, already appointed Finance Minister, praised BC’s current chairman, Ilan Goldfajn.

Guedes said, however, that an invitation to his stay in office has not yet been made.