Brazil senate committee postpones vote on central bank financial autonomy By Reuters

BRASILIA (Reuters) – Brazil’s Senate Constitution and Justice Committee postponed for a week voting on a constitutional amendment proposal granting the central bank financial autonomy, it said on Wednesday, to allow time to draft a new consensus text.

The decision followed a suggestion by Senator Jaques Wagner, the government leader in the Upper House.

After attending a meeting with Finance Minister Fernando Haddad earlier on Wednesday, Wagner said the government agreed with granting financial autonomy to the monetary authority but did not support turning the institution into a public company, as proposed in the original draft.