Home Business Central Bank Independence Project Predicts Alternate Term to CEO

Central Bank Independence Project Predicts Alternate Term to CEO

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The government’s supplementary bill on the autonomy of the Central Bank provides for a four-year term for directors, with the possibility of reinstatement, different of the presidential term, said Minister of Civil Household Onyx Lorenzoni.

Because of the uniqueness of the Central Bank, some guarantees are granted, such as the mandate and legal guarantees, the minister said.

Onyx also clarified that the government’s decision to send the bill was combined with the mayor, Rodrigo Maia, author of a project that is already underway in the House, and corrects the so-called origin addiction, since projects that alter the structure of the Executive must be initiated by the Executive.

The project must be joined to other projects already in Congress.