Inflation in Brazil during April climbed 0.55% over March (0.47%) and accumulated 6.49% in the last twelve months which is just below the government’s upper limit target of 4.5% to 6.5%, according to the latest release from the country’s Geography and Statistics National Institute, IBGE.
Brazil’s central bank on Wednesday raised its benchmark rate for the first time since July 2011 as policy makers seek to slow inflation levels. The bank’s board, led by President Alexandre Tombini, voted 6-to-2 to increase the Selic rate 25 basis points to 7.50% from a record low.
Brazil’s Central Bank will keep a close eye on the economy to see if there is a need for any action to tame stubbornly high inflation, the bank's chief Alexandre Tombini said in a presentation to the Senate's economic affairs committee
Brazil’s central bank on Wednesday kept its benchmark rate at a record low 7.25% for the third straight meeting as policy makers seek to prop the anaemic economy which last year only advanced 0.9%.
Brazil's central bank announced it would cut reserve requirements on demand deposits under specific conditions to free up around 15 billion Reais (7.3 billion dollars) for lending in a move aimed at boosting investment in the stagnating economy.
Brazil's central bank on Wednesday slashed its interest rate for the 10th time since August last year, to a record low of 7.25%, in a bid to stimulate the sluggish economy.
September inflation in Brazil was up 0.57% on higher food prices according to the latest release from the country’s stats office, IBGE. This was the highest rate since last April (0.64%) and the steepest for September since 2003, (0.78%).
Brazil’s central bank cut the benchmark interest rate for the ninth straight time on Wednesday to an all-time low of 7.5%, as policymakers keep up efforts to bolster a slow-moving economy which is the world's sixth-largest.
Brazil's economy enjoys sound fundamentals for sustainable growth, with an economic expansion likely to pick up speed in the next few quarters, Central Bank President Alexandre Tombini said at a business conference Friday.
Weak economic growth will likely prompt Brazil's central bank to cut interest rates deeper than previously expected this year, a weekly central bank survey of economists showed on Monday.