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June 28, 2022
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BC servers will keep on strike until Monday

Copom starts meeting to discuss basic interest rate

On strike for almost three months, the servers of the Central Bank (BC) will keep the movement until next Monday (4). In a meeting, the category decided to remain stopped until the last possible day for the granting of salary increases determined by the Fiscal Responsibility Law.

According to the National Union of BC Employees (Sinal), the servers will do a virtual act for the appreciation of their career on the 4th, with protests against what they consider intransigence in the posture of the institution’s president, Roberto Campos Neto. On Tuesday (5), the employees will hold a new meeting to decide the direction of the movement.

Under the Fiscal Responsibility Law, Congress would need to approve, by June 30, readjustments that replace losses from inflation, with the law coming into effect on July 4. To meet that deadline, however, the government would need to have sent a bill or provisional measure to Congress at the end of May or the first week of June.BC servers will keep on strike until Monday

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In strike since April 1, BC officials demand the replacement of inflationary losses in recent years, which reach 27%. They also ask for a change in the nomenclature from analyst to auditor and the requirement of higher education for technicians to join the BC.

On April 19, the category suspended the strike, but resumed movement indefinitely since May 3. Since then, only services considered essential have been carried out, such as meetings of the Monetary Policy Committee (Copom) and the disclosure of the primary deficit in the first four months.

The dissemination of statistics, such as the Focus bulletin (weekly survey of financial institutions), the foreign exchange flow, the Savings Report and the daily Ptax rate (average exchange rate that serves as a reference for some negotiations), has been suspended or occurs with considerable delay. Special projects, such as the expansion of open banking and the second phase of consultations for withdrawals of forgotten values, are suspended.

Since the beginning of the year, several categories of the federal civil service have been working under a standard operating scheme or have been on strike because the 2022 Budget has earmarked BRL 1.7 billion for readjustment to federal security forces. At the end of April, the government confirmed that it was studying a linear increase of 5% for all civil servants, but at the beginning of the month, the Minister of Economy, Paulo Guedes, ruled out granting readjustments in 2022.

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