We’re covering today the Central Bank’s plan to purchase corporate bonds. The future for aviation giant Gol. Accounts court takes a jab at Bolsonaro. And a plague approaches Brazil.
Central Bank sets out rules for buying bonds
Early in May, Congress passed the so-called “War Budget,” splitting the federal budget into two, creating a new separate financial plan for coronavirus-related spending. The provision allowed the Central Bank to purchase corporate bonds in order to provide liquidity in a market squeezed by the crisis. On Wednesday, the bank published the guidelines to be followed in said transactions.