Tag: Alexander Tombini

• Saturday, November 12th 2011 - 12:46 UTC

  Brazil’s October consumer inflation down but still above target

  

  Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.

• Friday, November 11th 2011 - 08:19 UTC

  October consumer inflation in Brazil eases to 0.43% and 6.97% in last 12 months

  

  Brazil's benchmark IPCA consumer price index rose 0.43% in October from September, slightly above expectations, government statistics agency IBGE said on Thursday.

• Wednesday, November 2nd 2011 - 04:40 UTC

  Brazilian industrial production contracts the most in five months

  

  Brazilian industrial production fell more than expected in September, posting its steepest decline in five months and bolstering the central bank’s argument for more interest-rate cuts in Latin America’s largest economy.

• Thursday, October 20th 2011 - 21:36 UTC

  Brazil lowers basic rate half a point for a second time running to 11.5%

  

  Brazil’s central bank cut borrowing costs by half a point for a second straight meeting. The bank’s board, led by President Alexandre Tombini, voted unanimously to reduce the benchmark Selic rate to 11.5% from 12% percent.

• Saturday, October 8th 2011 - 08:39 UTC

  Brazil’s inflation above target and at its highest annually since May 2005

  

  Annual inflation in Brazil hit a six-year high in September, government data showed on Friday. The benchmark IPCA consumer price index rose 7.31% in the 12 months through September -- above the official target range ceiling of 6.5% for the sixth straight month and the highest 12-month rate since May 2005.

• Saturday, October 1st 2011 - 05:54 UTC

  Brazilian president calls on Central bank for “a cycle of interest rate reductions”

  

  Brazilian President Dilma Rousseff made on Friday her strongest call yet for the central bank to continue cutting borrowing costs. At an event in Sao Paulo she said it was “inadmissible” for policy makers not to take into account the possibility of a recession and even a depression in the global economy.

• Friday, September 30th 2011 - 18:27 UTC

  Brazil primary budget surplus down in August; growth projection lowered to 3.5%

  

  Brazil’s budget surplus before interest payments narrowed in August to its lowest in nine months even as the central bank relies on fiscal policy to help fight the fastest inflation in six years.

• Tuesday, September 27th 2011 - 22:45 UTC

  Inflation picking up and lower interest rates, forecasts Brazil central bank survey

  

  Brazil’s central bank will miss its inflation target this year for the first time since 2003 according to a central bank survey of economists. Consumer prices will rise 6.52% this year, according to the median forecast in a Sept. 23 central bank survey of about 100 analysts published Monday.

• Tuesday, September 27th 2011 - 01:39 UTC

  Brazilian officials committed to protect the Real from international volatility

  

  Brazil’s Finance Minister Guido Mantega returned home early from the IMF/World Bank meetings in Washington this weekend, after a plunge in the Real extended the world’s biggest currency slump over the past month.

• Thursday, September 22nd 2011 - 22:42 UTC

  Brazil’s August unemployment stable at 6% in tight labour market

  

  Brazil’s unemployment rate remained unchanged at 6% in August, a record low for the month while average real wages rose 0.5% from the previous months to 1,629.40 Reais (839.16 US dollars) a month, the government statistics agency IBGE report showed.