Tag: Alexander Tombini

• Thursday, September 3rd 2015 - 10:29 UTC

  Brazil's central bank leaves basic interest rate unchanged at 14.25%

  

  Brazil's central bank halted one of the world's boldest rate-hiking cycles on Wednesday, taking pressure off an economy struggling with recession even amid concerns that a looming budget crisis could stoke inflation.

• Thursday, January 22nd 2015 - 06:39 UTC

  Brazil central bank increases basic rate to 12,25%, highest since August 2011

  

  Brazil's central bank raised interest rates to a more than three-year high on Wednesday, maintaining an aggressive pace of monetary tightening to contain high inflation, help the economy back on its tracks and win investors disillusioned with the once-booming economy.

• Monday, January 19th 2015 - 07:10 UTC

  Brazil central bank expected to raise interest rates this week for third time running

  

  Brazil's central bank is expected to raise interest rates for a third straight meeting this week to quell any doubts about its commitment to ending years of high inflation.

• Saturday, November 22nd 2014 - 06:07 UTC

  Rousseff expected to announce proven fiscal hawk as Finance minister

  

  Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.

• Thursday, October 3rd 2013 - 19:17 UTC

  Moody’s lowers Brazil’s credit rating to stable from positive: rising debt and weak growth

  

  Brazil’s currency Real declined from its highest level in two weeks after Moody’s Investors Service cited rising debt and weak growth in lowering its outlook on the country’s credit rating to stable from positive.

• Friday, May 31st 2013 - 07:15 UTC

  Fearing high inflation Brazil raises basic rate 50 basic points to 8%

  

  Brazil's central bank raised its benchmark interest rate on Wednesday to 8% from 7.5%, as part of an effort to battle high inflation in an economy that keeps struggling with slow growth.

• Thursday, April 18th 2013 - 16:51 UTC

  Brazil increases benchmark rate to fight inflation, but markets feel it’s not enough

  

  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.

• Thursday, April 4th 2013 - 07:45 UTC

  Brazil central bank admits difficulties in taming stubbornly high inflation

  

  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

• Thursday, March 7th 2013 - 06:39 UTC

  Brazil basic rate unchanged at record low 7.25%, but inflation could reverse policy

  

  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%.

• Thursday, November 29th 2012 - 14:00 UTC

  Brazil ends cuts and keeps key interest rate unchanged at 7.25%

  

  Brazil's central bank kept its key interest rate unchanged at 7.25% on Wednesday, ending a series of cuts since last year, as the world's sixth largest economy tries to contain inflation.