In a letter, an entity says that changes contained in the proposal can “weaken the bank’s own institutional mission
The (National Union of Central Bank employees) released on Friday (22.ago.2025) a letter to the collegiate board of the (Central Bank) that criticizes the PEC (proposal for amendment to the Constitution) . For the union, the changes in the proposal “Exceed the necessary” and can “Weakened the institutional mission itself” of the bank.
The proposal of amendment to the Constitution expands the financial, fiscal and budgetary autonomy of the BC. The rapporteur, Senator (PSDB-AM), argues that the measure is essential to modernize the institution and allow the safety of the PIX instant payment system.
The union claims to support advances in autonomy, but considers that they can be obtained by specific changes in complementary laws, without changing the legal nature of the BC or compromising the legal regime of its servers.
Among the proposals presented, the signal suggests:
- greater protagonism of the BC in the definition of its budget, from CMN (National Monetary Council) guidelines;
- replacement of staff through public tenders in the RJU (single legal regime), including the appointment of the current competition reserve register;
- Maintenance of the public character of the BC, as a local authority of public law linked to the executive and subject to democratic control.
“Open, loyal and respectful dialogue has always been a tradition in our home, and it must now be the main tool for building solutions that guarantee better working conditions to servers and greater delivery capacity of the municipality to Brazilian society”says the union.
Read the full letter:
“Dear President Gabriel Galipolo,
“Mr. Directors and Managing Lady,
“We are going through a moment of paramount importance in the history of the Central Bank of Brazil (BC), with great institutional challenges to be overcome. We unfortunately live a period of internal differences that weaken our ability to best face such challenges.
“As a representative entity of all BC servers, the sign understands that, more than ever, this is the time to build bridges, overcome divisions and strengthen unity around what is common to us: the commitment to serve the country through a solid, efficient and democratic institution.
“Open, loyal and respectful dialogue has always been a tradition in our home, and it must now be the main tool for building solutions that guarantee better working conditions to the servers and greater delivery capacity of the Brazilian society. In this spirit, the signal makes available to the Board of Directors in defense of the institution and its functional body to contribute to the formulation of concrete and viable proposals to the solution of the problems we face.
“We consider that the current conjuncture is conducive to advance in measures that strengthen the budgetary and administrative autonomy of the Central Bank, without having to change its legal nature or weaken the legal regime that protects its servers. The changes contained in the Constitution Proposal (PEC) 65/2023 go beyond unnecessary risks, which may result in legal insecurity and weaken the mission itself and weaken the mission itself BC institutional.
“The signal conducted studies and identified legislative improvement ways, through specific changes in complementary laws and related norms, in order to:
“A) to provide the central bank with greater protagonism in the definition of its budget, based on guidelines of the National Monetary Council (CMN);
“B) Ensure the proper replacement of the staff, preserving public tenders under the Single Legal Regime (RJU) – a solution that would allow the BC the immediate appointment of the necessary reserve register of the competition in progress;
“C) ensure the maintenance of the public character of the BC, as a public law municipality linked to the executive, endowed with its own prerogatives and subject to democratic control.
“Members of the Collegiate Board, this is a historic opportunity to give the Central Bank of Brazil the necessary conditions to face their challenges, without renouncing the principles that underlie its role as an executing body of typical state activities.
“The signal reaffirms its disposition for dialogue, its formulation capacity and its firmness in defending the servers and the institution. We are convinced that, united, we can build lasting solutions that strengthen the BC and put it even more effectively from Brazilian society.
“The time is now, President Galipolo. It is time for unity for a stronger central bank, fair and committed to the public interest.”