Brazil's central bank will use Drex CBDC data for interest rate decisions, marking a significant evolution in monitoring economic activity.
Drex's distributed ledger will track consumption trends, liquidity pockets, and sector performance faster than traditional sources like tax filings or bank statements.
The data obtained will be utilized in models assessing Brazil's output gap and credit supply to guide the Monetary Policy Committee in making interest rate decisions.
The system ensures privacy by hashing personal identifiers, aiming to balance data utility with privacy protection and potentially positioning Brazil as a global leader in CBDC-powered economic monitoring.