Old one said that all the Brazilian one was a little technician of the Brazilian election: each one had its escalao of the dreams and if it acahava in equal conditions to the technician chosen for the CBF for discutiz it. Today already if it can say that each Brazilian is a little President of the Central banking. that each one has its tax SELIC of the heart. He would be 11%:? Or perhaps 8%? We go to leave, who knows, in 5%? Last week, before the 3,6% retraction, registered in the GIP of the four trimester of 2008, the COPOM (Committee of Monetary Politics) and not only the President of the Central banking, reduced in 1,5 percentile point basic tax of interests, the SELIC. It now is in 11,25% to the year. But in the paragraph above we finish with the first myth, the SELIC does not leave the head of Enrique Meireles and yes of a meeting of a committee.

But after all who is the COPOM? So that it serves the SELIC? Why it has this name? In contrast of the common sense, the COPOM was not created ' ' ontem' '. When the COPOM was created and its objetivosDe fact it was instituted in 20 of June of 1996, with the objective to establish the lines of direction of the monetary politics and to define the tax of interests. The creation of the Committee searched to provide to greater transparency and adequate ritual to the power to decide process, the example of what already he was adopted for Federal Open Market Committee (FOMC) of the Central banking of the United States and for the Central office Bank Council, of the Central banking of Germany. In June of 1998, the Bank of England also instituted its Monetary Policy Committee (MPC), as well as the European Central banking, since the creation of the only currency in January of 1999.