CMN Resolution No. 4918 — Sets the inflation target and tolerance interval for 2024

RESOLUTION
CMN NO. 4,918, OF JUNE 24, 2021

Sets the inflation target and its tolerance interval for the year 2024.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on June 24, 2021, considering the provisions of Section 2 of Article 1 of Decree No. 3,088, of June 21, 1999,

RESOLVES:

Art. 1st The inflation target for the year 2024 is set at 3.0% (three whole 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. 2nd The Central Bank of Brazil will effect the necessary modifications in its regulations and norms, aiming at the execution of the content contained in this Resolution.

Art. 3rd This Resolution enters into force on the date of its publication.

Roberto de Oliveira Campos Neto

President of the Central Bank of Brazil