Investor Presentaiton
Annual Report
AR
2022
SUMMARY
WHO WE
ARE
OUR
STRENGTH
AND
OUR
Our Results
The BCB's mission is to ensure the stability of the currency's purchasing power, to foster a sound, efficient, and competitive
financial system, and to promote the economic well-being of society.
The BCB's primary objective is to ensure price stability by controlling inflation. To fulfill this objective, the BCB defines
the policies to meet the targets set by the inflation targeting regime. Such targets are defined by the CMN for the annual
variation of the Extended National Consumer Price Index (IPCA). For 2022, the inflation target was set at 3.5%, with a
tolerance interval of 1.5 p.p. However, the 2022 inflation was 5.79%. The causes for inflation being above the upper limit of
the target tolerance interval in 2022 were presented in an Open Letter. In addition, the section Stability of the Purchasing
Power of this report provides further details on the topic.
To face numerous challenges, the BCB continually seeks to promote enhancements in the SFN. Thus, its strategic agenda,
the Agenda BC#, aims to promote these improvements with a view to financial democratization, with lower interest rates,
better financial services, and increasing participation in the financial market. The Agenda BC# is organized in five thematic
dimensions: inclusion, competitiveness, transparency, education, and sustainability. Each of these dimensions encompasses
several strategic actions, some of which have already been completed.
Ten out of 57 strategic actions that were under execution throughout 2022 have been completed. For the sake of
transparency, the BCB's Transparency and Accountability Portal disseminates follow-ups and results of all the BCB's
activities and actions to the public on a regular basis.
RESOURCES
OUR
RESULTS
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