Tag: Brazil's Central Bank Monetary Policy Committee (Copom)

• Thursday, March 20th 2025 - 11:26 UTC

  Brazil: Haddad says Selic adjustment stemmed from Campos Neto era

  

  After Brazil Central Bank's (BCB) Monetary Policy Committee (Copom) raised Wednesday the benchmark Selic interest rate from 13.25% to 14.25% annually, Finance Minister Fernando Haddad warned that such a move had been planned since December under former BCB President Roberto Campos Neto, who had been appointed during the Jair Bolsonaro years.

• Thursday, March 20th 2025 - 06:07 UTC

  Brazilian Central Bank raises interest rate to its highest in nine years, 14.25%

  

  The Brazilian Central Bank Copom (Monetary Policy Committee) raised the benchmark interest rate (Selic) by one full percentage point on Wednesday, from 13.25% to 14.25%, the highest since 2016, the level reached during the political crisis that ousted then president of Dilma Rousseff’s (PT) government.

• Sunday, February 9th 2025 - 19:38 UTC

  Brazil’s interest rate raised to 13.25% and further increases forecasted

  

  Brazil's central bank raised its benchmark interest rate, Selic, by 100 basis points for the second straight meeting last Wednesday and anticipated another similar hike in March, concerned about mounting inflationary pressures.

• Monday, December 30th 2024 - 10:58 UTC

  Hard times ahead for Lula and Brazilian Real, the most devalued currency in 2024

  

  US dollar expectations in the Brazilian market are beating forecasts having reached R$ 6.30 in December, (from 4.85 in January 2024) making the Brazilian Real one of the largest currencies of emerging countries, as the most devalued during 2024, despite the Central Bank pumping some US$ 17 billion to the market hoping to contain the slide.

• Thursday, September 19th 2024 - 08:00 UTC

  Brazilian central bank raises Selic rate to 10,75%, fearing inflation resurgence

  

  While the United States Federal Reserve decided to cut its reference interest rate arguing inflation was under control, Brazil's Central Bank decided the opposite and actually hiked 25 bases point its already high Selic benchmark from 10,50% to 10,75%.

• Tuesday, August 6th 2024 - 20:31 UTC

  BCB's Copom would not hesitate to up Selic if need be

  

  Brazil Central Bank's Monetary Policy Committee (Copom) warned that it would not hesitate to up the basic Selic interest rate to make sure inflation meets the target if necessary.

• Thursday, June 20th 2024 - 15:25 UTC

  Fearing inflation ahead, Brazil's central bank leaves basic rate unchanged at 10,50%

  

  With budget overspending and prospects of higher inflation in weeks ahead, the Brazilian central bank, independent from the Executive, kept the Selic rate unchanged at 10.50%. This means there are no expectations for a resumption of the rates easing cycle this year.

• Thursday, May 9th 2024 - 23:31 UTC

  Brazil's Central Bank lowers Selic rate once again

  

  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.

• Thursday, March 21st 2024 - 09:41 UTC

  Brazil's Copom further lowers Selic interest rate in line with market expectations

  

  Brazil's Monetary Policy Committee (Copom) announced Wednesday that it was further cutting the economy's basic interest rate known as Selic by 0.5 percentage points to 10.75% per year, Agencia Brasil reported.

• Sunday, December 11th 2022 - 08:30 UTC

  Brazilian central bank keeps Selic rate at 13,75%; anticipates hawkish approach to combat future inflation

  

  The Brazilian central bank maintained the benchmark Selic at 13.75% for a third consecutive meeting this week, as expected by all analysts. It was the last rate meeting before Lula da Silva assumes the country’s presidency on January first.