Tag: Banco de Brasil

• Thursday, December 9th 2010 - 07:47 UTC

  Brazil 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.

• Friday, November 19th 2010 - 16:01 UTC

  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.

• Monday, May 24th 2010 - 03:52 UTC

  Rousseff promises New York investors “continuity” of Lula da Silva’s policies

  

  Brazil's ruling party presidential candidate Dilma Rousseff promised, if elected, continuity of current economic and financial policies to ensure growth and macro-economic stability. She also stated that Brazil was prepared for “a woman president”.

• Thursday, April 22nd 2010 - 00:34 UTC

  Banco do Brasil buys 51% of Argentina’s fourth largest private bank

  

  Brazilian government controlled Banco do Brasil will pay 480 million US dollars for a 51% stake in Banco Patagonia, Argentina’s fourth largest private bank. The deal is pending regulatory approval both banks said in a release.