Tag: Alexander Tombini

• Thursday, April 28th 2011 - 06:39 UTC

  Brazil’s bank lending slows down as government curbs credit

  

  Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.

• Wednesday, April 27th 2011 - 08:34 UTC

  Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

  

  Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.

• Thursday, April 21st 2011 - 03:14 UTC

  Brazilian central bank raises benchmark rate 0.25 percentage points to 12%

  

  Brazil’s central bank raised its benchmark interest rates a quarter of a percentage point from 11.75% to 12%. The decision surprised the market since it was a smaller raise than two previous hikes of half a percentage point earlier this year.

• Saturday, April 16th 2011 - 00:11 UTC

  Tombini says Brazil is in the middle of a monetary tightening cycle

  

  Brazil is in the middle of a monetary tightening cycle, central bank President Alexandre Tombini said on Friday, days before the bank is expected to announce a hike in the benchmark lending rate.

• Friday, April 1st 2011 - 00:25 UTC

  Brazil’s central bank just manages to slow the Real currency advance

  

  Brazil’s Real retreated from the highest level since August 2008 after the central bank intervened five times Thursday to slow the currency’s advance. The Real fell 0.2% to 1.6318 per dollar, from 1.6288 Wednesday.

• Saturday, March 26th 2011 - 08:57 UTC

  Brazil expected to raise benchmark interest rate as inflation “worsens”

  

  Brazilian Central bank President Alexandre Tombini admitted inflation forecasts may “worsen”. Consumer prices in the 12 months through mid-March rose 6.13%, the biggest jump in more than two years.

• Saturday, March 5th 2011 - 05:29 UTC

  Carnival hangover could bring capital ‘quarantine’ for speculative inflows

  

  The Brazilian government is considering additional foreign exchange measures to contain the rapid appreciation of the Real, a source inside the Finance Ministry told the Sao Paulo Estado news agency Friday.

• Thursday, March 3rd 2011 - 06:19 UTC

  Fearing overheated economy Brazil raises basic interest rate 50 points to 11.75%

  

  Brazil’s Central bank on Wednesday raised its benchmark overnight rate by a half-point for a second straight meeting to cool inflation that is approaching the upper limit of the government’s target range.

• Thursday, January 20th 2011 - 16:44 UTC

  Brazil Raises Interest Rate to 11.25%

  

  Brazil’s Central Bank has increased its key interest rate to 11.25% in the hope of halting inflation. The rate has gone up from 10.75% and is the first under the Government of President Vilma Rousseff, who came in to office earlier this month.

• Monday, January 17th 2011 - 20:59 UTC

  Brazilean Central Bank Intervenes in Futures Dollar Market to Stop Real Appreciation

  

  Dilma Rousseff has taken measures to stop the appreciation of the real. The Brazilian Central Bank swapped all of the currency futures contracts in a reverse swap auction. This way the institution headed by Alexandre Tombini disembarks in the futures market.