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Montevideo, June 16th 2024 - 00:28 UTC

Tag: Brazil's Central Bank (BCB)

  • 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.