Tag: Henrique Meirelles
Henrique MeirellesBrazil central bank leaves basic rate unchanged, but hike anticipated for January
Brazilian policy makers kept their benchmark overnight rate unchanged on Wednesday after curbs on credit allowed central bank President Henrique Meirelles to leave anticipated rate increases for his successor.
China, Brazil announce “macro-prudent” measures to cut liquidity, tighten credit
Two of the strongest emerging economies Brazil and China announced Friday measures to withdraw liquidity tighten credit and contain inflation. Brazil’s “macro-prudent” measures are geared to cut on money circulation, while China said monetary emphasis will change from “relatively loose” to “prudent”.
Brazilian president-elect plans to maintain central bank’s “operational autonomy”
Brazil’s President-elect Dilma Rousseff plans to maintain the central bank’s operational autonomy and also will keep the position of central bank president as a Cabinet-level post, according to reliable sources close to the leader.
Brazilian central bank chief steps down from president-elect Rousseff’s team
Brazilian central bank president Henrique Meirelles will not accept any invitation to remain as head of the bank unless president-elect Dilma Rousseff gives him full guarantees of “absolute autonomy” in running the institution. He also rejects the idea of holding on the job during the first quarter of 2011 until a definitive successor is named.
Brazil’s central bank buys 5.9 billion USD to contain revaluation of the Real
Brazilian central bank President Henrique Meirelles stepped up dollar purchases to the highest in almost a year this month in a bid to temper gains in the Real.
Analysts and government forecast Brazilian economy set to expand 7.3% in 2010
Analysts covering Brazil’s economy raised their forecast for GDP growth this year to 7.34%, according to a central bank survey. Economists held their 2011 economic growth forecast unchanged at 4.5%, according to the median estimate in a survey of 100 analysts taken September 3 and published Monday.
“Inflation expectations” gear Brazilian central bank rates policy
Brazilian central bank President Henrique Meirelles said analysts were surprised by a smaller- than-expected interest rate increase in July because they misunderstand signals sent by policy makers beforehand.
Brazil anticipating ‘external factors recent evolution’ eases interest rate policy
Brazil’s central bank signalled it may stop raising interest rates soon after policy makers unexpectedly slowed the pace of increases and said inflation was less of a threat amid slowing global growth.
Brazilian Central Bank Purchases Dollars to Limit Gains in the Real
Brazil’s Real fell on Friday for the first time in three days as the government stepped up efforts to limit gains in the currency. The real lost 0.6% to 1.7384 per dollar at the end of the week after increasing 2.4% in April and 1.1% for the week.
Fearing an Over-Heated Economy Brazil Hikes Basic Rate 75 Points to 9.5%
Central Bank of Brazil increased on Wednesday the benchmark interest rate for the first time in 19 months in an effort to cool an economy forecast to expand 6% this year, one of the highest rates in two decades.
