Brazil’s central bank to postpone payments to banks due to striking workers By Reuters

By Bernardo Caram

BRASILIA (Reuters) – Brazil’s central lender made the decision on Wednesday to postpone payments to fiscal establishments for methods held in accounts from the Pix prompt payment system, underscoring mounting hazards from hanging staff despite the fairly little impression for banking companies.

The payment, which was to incorporate fascination at the bank’s Selic benchmark amount for the time the funds had been held, was thanks to be built for the to start with time on Friday.

According to the central financial institution analysts affiliation ANBCB, financial institutions will no for a longer time get close to 2 million reais ($422,030) for each day.

“The central bank’s workers are carrying out every day partial stoppages and will go on strike from April 1, which affects the functionality of numerous processes,” Financial Coverage Director Bruno Serra mentioned in a vote supporting the determination on Wednesday.

To maintain the safety of the systems and the routine maintenance of necessary actions forward of the strike, Serra claimed it was considered proper to postpone the payments, incorporating they would be once more proposed “when the problems are prevail over.”

Brazil’s central bank staff voted on Monday for an indefinite strike setting up on April 1 in the deal with of unanswered needs about a wage increase. Until finally now, partial shutdowns have been influencing the release of financial indicators and other details.

The central bank reported the measure aims to protect the suitable operating of IT techniques thinking of “the opportunity pitfalls” imposed by the strike.

The financial business group Febraban called the determination “prudent” introducing that policymakers had avoided implementing new characteristics on extra sensitive times.

($1 = 4.7302 reais)