CMN Resolution No. 4724 - Sets the inflation target and its tolerance interval for the year 2022

The Central Bank of Brazil, in the form of art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on June 27, 2019, in view of the provisions of § 2 of art. 1 of Decree No. 3,088, of June 21, 1999, R E S O L V E D:
Art. 1 The inflation target for the year 2022 is set at 3.50% (three and fifty hundredths percent), with a tolerance interval of minus 1.50 p.p. (one and a half percentage points) and plus 1.50 p.p. (one and a half percentage points). Art. 2 The Central Bank of Brazil shall implement the necessary modifications to its regulations and norms, aiming at the execution of the content of this Resolution. Art. 3 This Resolution comes into force on the date of its publication. Roberto de Oliveira Campos Neto President of the Central Bank of Brazil