Norms

Inflation Targeting Norms (in Portuguese)

• Resolution 4095, 06/28/2012 - sets the inflation target and respective tolerance interval for 2014;
• Resolution 3991, 06/30/2011 - sets the inflation target and respective tolerance interval for 2013;
• Resolution 3880, 06/22/2010 - sets the inflation target and respective tolerance interval for 2012;
• Resolution 3748, 06/30/2009 - sets the inflation target and respective tolerance interval for 2011;
• Resolution 3584, 07/01/2008 - sets the inflation target and respective tolerance interval for 2010;
• Resolution 3463, 06/26/2007 - sets the inflation target and respective tolerance interval for 2009;
• Resolution 3378, 06/29/2006 - sets the inflation target and respective tolerance interval for 2008;
• Resolution 3291, 06/23/2005 - sets the inflation target and respective tolerance interval for 2007;
• Resolution 3210, 06/30/2004 - sets the inflation target and respective tolerance interval for 2006;
• Resolution 3108, 06/25/2003 - sets the inflation target and respective tolerance interval for 2004 and 2005;
• Decree 4761, 06/23/2003 - authorizes the National Monetary Council to change the inflation target for 2004;
• Resolution 2972, 06/27/2002 - sets the inflation targets and respective tolerance intervals for 2003 and 2004;
• Decree (without number), 06/26/2002 - authorizes the National Monetary Council to change the inflation target for 2003;
• Resolution 2842, 06/28/2001 - sets the inflation target and respective tolerance interval for 2003;
• Resolution 2744, 06/28/2000 - sets the inflation target and respective tolerance interval, as well as the price index to be considered, for 2002;
• Resolution 2615, 06/30/1999 - sets the inflation targets and respective tolerance intervals, as well as the price index to be considered, for 2001, 2000 and 1999;
• Decree 3088, 06/21/1999 - establishes inflation targeting as a guideline for setting the monetary policy regime and makes other provisions.