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Montevideo, November 5th 2024 - 13:48 UTC

Tag: Brazil's Central Bank (BCB)

  • Saturday, August 31st 2024 - 10:22 UTC

    Brazil: Lula picks Galípolo for BCB CEO post

    The nominee still needs the Senate's nod

    Brazilian President Luiz Inácio Lula da Silva picked Central Bank Monetary Policy Director Gabriel Galípolo to replace Roberto Campos Neto as CEO. The outgoing chief executive had been appointed by Lula's predecessor Jair Bolsonaro and it was no secret that he would not remain in office at the end of his term. To be confirmed for the post, Galípolo still needs the Senate's nod.

  • Monday, May 13th 2024 - 19:38 UTC

    Brazil's Central Bank ups expansion forecast for 2024 to 2.09%

    The 2024 projection is within the inflation target range set by the BCB's National Monetary Council (CMN) of 3% (+- 1.5 percentage points)

    According to the latest issue of the Focus bulletin released Monday by Brazil's Central Bank (BCB), the economy in South America's largest country will grow by 2.09% this year, which represented an improvement from the previous 2.05% forecast, Agencia Brasil reported. The study also foresaw a yearly inflation of 3.76%.

  • Thursday, May 9th 2024 - 23:31 UTC

    Brazil's Central Bank lowers Selic rate once again

    There was no indication as to what may happen in the next BCB board meeting

    Brazil's Central Bank (BCB) lowered once again the South American country's Selic benchmark interest rate to 10.5% per year amid a recent rise in the quotation of the US dollar, Agencia Brasil reported.