Complementary Law 179 of 2021

E231033

Complementary Law 179 of 2021 is the Brazilian statute that granted formal operational autonomy and fixed-term mandates to the Central Bank of Brazil’s leadership, insulating monetary policy from short-term political influence.

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Complementary Law 179 of 2021 canonical 1

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Statements (30)

Predicate Object
instanceOf Brazilian federal complementary law
statute
aimsTo increase credibility of Brazilian monetary policy
reduce political interference in monetary policy decisions
appliesTo directors of the Central Bank of Brazil
president of the Central Bank of Brazil
country Brazil
defines fixed terms of office for the directors of the Central Bank of Brazil
fixed terms of office for the president of the Central Bank of Brazil
rules for appointment and dismissal of Central Bank of Brazil leadership
effectOnInstitution established fixed-term mandates for the Central Bank of Brazil’s leadership
granted operational autonomy to the Central Bank of Brazil
hasNumber 179
hasYear 2021
insulates Central Bank of Brazil monetary policy from short-term political influence
jurisdiction Brazil
surface form: Federative Republic of Brazil
language Portuguese
legalForm complementary law under the Brazilian Constitution
legalSystem Brazilian law
policyArea financial system regulation
monetary policy
purpose to grant formal operational autonomy to the Central Bank of Brazil
to insulate monetary policy from short-term political influence
region Brazil
regulates Central Bank of Brazil
relatedInstitution National Monetary Council of Brazil
subjectMatter Central Bank of Brazil
central bank autonomy
monetary policy governance
typeOfAutonomy operational autonomy

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Central Bank of Brazil autonomyLaw Complementary Law 179 of 2021