Brazil central bank to make more rate decisions with board vacancies, sources say
By Lisandra Paraguassu
Published on March 17, 2026.
Brazil's central bank is expected to make another interest rate decision with two empty seats on its monetary policy committee. This comes amid tensions between the government and Senate leaders. The vacant seats have been vacant since January and may remain vacant for several months. If President Lula does not fill them, new board members would be appointed by whoever wins the next presidential election. The responsibilities of the "economic policy director" have been handled on an interim basis by Paulo Picchetti.
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