Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 58 days ago
- Bias Distribution
- 100% Center
Brazil's central bank has postponed the launch of the 'Pix Automatic' feature, designed for automatic payment of recurring bills, from October 2024 to June 2025. The delay has not been officially explained but is linked to ongoing calls for greater financial autonomy for the central bank, led by Governor Roberto Campos Neto, amid budgetary constraints. Automatic Pix aims to streamline payments for utilities and subscriptions, potentially reducing reliance on credit cards. However, the approval of a constitutional amendment to grant financial independence to the central bank faces opposition from President Luiz Inacio Lula da Silva and delays in the senate committee's vote. This postponement highlights broader challenges in Brazil's economic policy and the struggle for institutional independence. If successful, the feature could significantly impact the payments industry and set a precedent for other emerging economies.
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 58 days ago
- Bias Distribution
- 100% Center
Negative
20Serious
Neutral
Optimistic
Positive
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