Brazil Daily

House scores win for Economy Minister, but it won’t come cheap

Today, lawmakers make progress on the Economy Ministry’s agenda. Retail posts poor end-of-year results, spurning hope for recovery. Health Minister Pazuello to be grilled by senators.

House pushes forward on Economy Ministry agenda

On Wednesday, the House voted on two bills that are very dear to Economy Minister Paulo Guedes and his team: one establishing the formal independence of the Central Bank, and another making changes to the currency exchange market in Brazil — which would allow for local bank accounts to be held in U.S. Dollars.

Central Bank. The proposal to make the bank autonomous had already been approved...

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