Government leaves appointments for January and British Columbia could start the year with two fewer administrators | Finance

The information was published by Folha de S. Paulo and confirmed by Value. THE law on the autonomy of monetary authorities provides that the mandate of directors continues until their successors take office. However, it also allows administrators to request dismissal.

In this scenario, the meeting of the Monetary Policy Committee (Copom) which will take place on January 27 and 28, must take place with seven members and not nine.

The government of President Luiz Inácio Lula da Silva did not indicate the names of the successors and as the end of the year approaches, the time of indicate, sabbatical in the Economic Affairs Committee (CAE) of Senate and approve in plenary session of the House is short and the Congress only comes back from parliamentary recess in February.

The extension of a mandate has already happened before and precisely when the current president of the BC, Gabriel Galipolotook charge of monetary policy. Galípolo succeeded the director at the time, Bruno Serra Fernandes, before becoming president of the monetary authority.

Serra Fernandes’ mandate ended in February 2023, but the economist remained in office for another month, until the end of March. On the 23rd of this month, the director at the time was fired upon request. Between the departure of Serra Fernandes and the arrival of Galípolo, which did not occur until July of the same year, Guillen took the position.