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Brazil to Use Drex CBDC Data for Interest Rate Decisions

  • 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.

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