The Central Bank postponed the beginning of the remuneration of financial institutions for resources stopped in the so-called instant payment accounts (PI accounts), which centralize Pix transactions, citing risks related to the strike at the agency.
The remuneration, calculated based on the Selic rate, was scheduled to start being paid by the BC this Friday.
“BC servers are in partial daily strikes and will go on strike from April 1st, which harms the performance of several processes of the municipality”, said the director of Monetary Policy of the municipality, Bruno Serra, in a vote that based the decision of the BC board, taken on Wednesday.
In the document, Serra stated that, in order to preserve the security of the systems and the maintenance of essential activities, he considered it opportune that the beginning of the remuneration to the institutions did not occur at that moment.
According to him, the provisions that authorize remuneration –now revoked– will be proposed again when the issues mentioned are overcome.
The National Association of Analysts of the Central Bank of Brazil (ANBCB) said that the loss to banks with the postponement is estimated at R$ 2 million per day.
When contacted, the Central Bank and Febraban (the federation of large banks) did not immediately respond to requests for comment.
The instant payment system, established in 2020, is the infrastructure managed by the BC for real-time payment settlement between institutions in Brazil.
These transactions are operated through entries in accounts that institutions maintain at the BC, the PI accounts.
“The PI account is a reserve account between the BC and the banks. Because the banks left money ‘asleep’ in the BC for cycles of 1 to 2 days, there was always a demand for some fee on it, such as a remunerated deposit”, said the president of ANBCB, Henrique Seganfredo.
Resolution issued by the BC in early March dealt with the remuneration of institutions for funds that remain in these accounts outside business hours. Payments would be made daily, indexed by the Selic rate.
Source: CNN Brasil
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