Barroso says central bank must be independent

Headquarters of the Central Bank in Brasilia | Photo: Marcello Casal Jr / Agência Brasil

Luís Roberto Barroso, Minister of the Federal Supreme Court (STF), defended, during an XP Investimentos event, that the Central Bank should be independent, reiterating his vote on the issue which can be examined on Wednesday (25), by the plenary session of the court. “Monetary policy should be preserved from politics because it is long term,” he said. He added that it is not for the judiciary to intervene in decisions of this nature.

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