The Bank for International Settlements (BIS) works to carry out actions among monetary authorities around the planet, especially in times of financial crisis.
The COVID-19 pandemic, Neto said, the Chinese real estate crisis, and its aging population are among the main drivers behind the reduced growth in the Asian nation.
Brazil’s Central Bank President Roberto Campos Neto said the country is fully capable of emerging from the uncertainties facing the global economy.
In his first address in his new post, Roberto Campos Neto, president of Brazil’s Central Bank, advocated the institution’s formal autonomy.