Brazil's Central Bank to Use Drex Data for Interest Rate Decisions

According to PANews, Henrique Videira, an executive at Brazil's central bank, announced at the Token Nation conference in São Paulo on June 4 that the bank will utilize transaction data from its digital currency, Drex, as a direct input for interest rate decisions. Each payment and asset transfer recorded on Drex's distributed ledger will generate timestamped structured entries, allowing the central bank to monitor changes in consumption, liquidity distribution, and industry performance in real-time through aggregated data. After internal desensitization, this data will be merged with wholesale settlement flows to create a policy dashboard tracking merchant category spending, collateral movement, and regional trade volumes. Videira emphasized that Drex only stores hashed personal identifiers and that policy decision-making authority remains with the monetary committee source: https://www.binance.com/en/square/post/25202492723881?utm_source=BinanceNewsRSS