Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 23rd 2024 - 23:49 UTC

Tag: Brazilean inflation

  • Tuesday, December 15th 2015 - 08:32 UTC

    Brazil's Central bank Focus weekly negative report

    The political situation and the plunging of an commodities' exports dependent economy has turned Brazil and president Rousseff's prospects into turmoil

    Analysts expect Brazil's economy to contract by 3.62% this year, with inflation hitting 10.61%, the Central Bank said Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

  • Friday, November 20th 2015 - 09:44 UTC

    Brazilian economic activity contracts for the fourth straight quarter

    The bank's IBC-Br economic activity index indicates economic activity fell 1.41% in the third quarter from the previous three months.

    Economic activity in Brazil contracted for the fourth straight quarter, central bank data showed this week as Latin America's biggest economy plunges further into recession. The bank's IBC-Br economic activity index indicates economic activity fell 1.41% in the third quarter from the previous three months.

  • Monday, November 9th 2015 - 08:54 UTC

    Brazil's annual inflation just below 10%, the highest in 12 years

    On a monthly basis, the IPCA index rose 0.82% in October, up from an increase of 0.54% in September.

    Brazil's annual inflation rate accelerated in October to just below 10%, the highest reading in almost 12 years, after sharp fuel and food price hikes. Consumer prices, as measured by the benchmark IPCA index, rose 9.93% in 12 months through October, up from 9.49% in September, statistics agency IBGE said in a release. In the first ten months of the year inflation reached 8.52%

  • Friday, November 6th 2015 - 09:26 UTC

    Brazil central bank moves 4.5% inflation target timeframe to 2017

    “The central bank will adopt necessary measures to fulfill our inflation-targeting objectives and bring inflation to the 4.5% target in 2017,” Lopes said

    The Brazilian central bank will take the necessary measures to bring inflation back to the 4.5% target in 2017, bank director Altamir Lopes, said on Thursday. It is the first time the bank has given a timeframe for reaching the center of its official target range after it dropped its outlook to meet this goal late 2016 due to a weaker Brazilian currency.

  • Thursday, October 22nd 2015 - 07:09 UTC

    Brazil leaves Selic rate unchanged at 14.25%; inflation the target but with no timetable

    The bank it was focused “on the horizon relevant for monetary policy” and Copom will remain vigilant to achieve that objective”

    Brazil's central bank kept interest rates on hold on Wednesday, for a second straight month despite a jump in inflation expectations. The decision not to raise rates will give a breather to President Dilma Rousseff, who is fighting for her political survival amid the country's worst economic and political crisis in 25 years.

  • Saturday, August 8th 2015 - 09:20 UTC

    Brazil's July inflation climbed to 9.56%, powered by electricity bills, up 57.8%

    Inflation remains well above the central bank's target of 4.5% despite seven consecutive interest rate hikes -- most recently to 14.25%.

    Brazil's annual inflation rate climbed to 9.56% in July, the highest level since 2003, official data showed Friday. Prices are being driven higher by the rising cost of electricity -- up 57.8% in the past 12 months -- as well as increasingly expensive housing, food and beverages, and health care.

  • Thursday, July 9th 2015 - 06:46 UTC

    Brazil's six-month inflation at 6.17%, highest for half year since 2003

    Finance Minister Levy, expects inflation starts to slow down at the end of this year towards the centre of the target in 2016: 4.5% with a maximum of 6.5%.

    Brazil's inflation was little changed at 0.79% in June, rising to 8.89% over the last 12, reported the Brazilian Institute of Geography and Statistics, IBGE, on Wednesday. May's rate was 0.74%. Main price rises accounting for a third of June's inflation included 29.19% for plane tickets, 4.95% in water taxes and gambling rates, officials said.

  • Thursday, June 25th 2015 - 07:33 UTC

    Brazilian central bank inflation estimates anticipate increase in interest rates

    The Central Bank's Monetary Policy Committee will meet in late July to adjust the benchmark interest rate, currently at 13.75%

    The Brazilian Central Bank on Wednesday raised its inflation estimate for 2015 to 9%, or almost double the midpoint in the official range and well above the 6.5% top end target, and said the economy may contract by 1.1% this year, marking the worst performance since 1990.

  • Friday, May 8th 2015 - 07:48 UTC

    Brazil's central bank to continue increasing rate, with inflation on target at the end of 2016

    Central bank director Luiz Awazu Pereira said secondary effects 'should be limited to 2015', the first time the bank acknowledged it in the minutes.

    Brazil's central bank expects inflation to run above the official target this year and next, despite months of monetary tightening, signaling policymakers could maintain an aggressive pace of interest-rate hikes to lower stubborn prices. In the minutes of its April 29 rate-setting meeting, the bank said it would remain vigilant to ease persistently high inflation.

  • Tuesday, April 28th 2015 - 05:44 UTC

    Brazil's economy expected to further contract and inflation to reach 8.25%

    As to growth Focus expects a 1.1% contraction, compared to the 1.03% estimate released last week, the worst performance by Brazil’s economy since 1990.

    Analysts have reviewed negatively Brazil's 2015 inflation and growth forecasts, according to the latest Focus report from the Central Bank, released on Monday. The survey which includes 100 analysts from private financial institutions on the state of the economy anticipates inflation of 8.25% and 1.1% contraction of GDP by the end of the year.