Monetary Policy Department

E806336

The Monetary Policy Department is a specialized division of the Central Bank of Brazil responsible for analyzing economic conditions and implementing the institution’s monetary policy decisions.

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Statements (50)

Predicate Object
instanceOf department of a central bank
organizational unit
analyzes credit conditions
exchange rate developments
inflation dynamics
international economic environment
labor market conditions
output gap
collaboratesWith Financial System Monitoring departments of the Central Bank of Brazil
International Affairs departments of the Central Bank of Brazil NERFINISHED
Research Department of the Central Bank of Brazil NERFINISHED
country Brazil
employs economists
financial analysts
statisticians
followsFramework inflation targeting regime in Brazil
goal contribution to financial stability
price stability
support of sustainable economic growth
hasJurisdiction Brazilian economy
implements monetary policy decisions of the Central Bank of Brazil
operational procedures for monetary policy
languageOfWork Portuguese
locatedIn Brasília NERFINISHED
monitors compliance of market interest rates with policy rate
liquidity conditions in the financial system
transmission of monetary policy to credit and activity
operatesWithin Brazilian monetary policy framework
partOf Central Bank of Brazil NERFINISHED
prepares GDP growth projections
inflation projections
interest rate scenarios
macroeconomic reports
produces briefings for monetary policy meetings
internal policy recommendations
technical studies on monetary policy
reportsTo Central Bank of Brazil Board of Directors NERFINISHED
responsibleFor implementation of monetary policy decisions
monetary policy analysis
monitoring macroeconomic conditions
supporting the Monetary Policy Committee (COPOM)
sector public sector
subjectTo governance rules of the Central Bank of Brazil
supportsDecisionMakingOf Board of the Central Bank of Brazil NERFINISHED
Monetary Policy Committee of the Central Bank of Brazil NERFINISHED
typeOfOrganization non-profit public institution unit
usesInstrument liquidity management operations
open market operations
policy interest rate (SELIC)
reserve requirements

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BCB hasDivision Monetary Policy Department