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

• 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.

• Tuesday, August 9th 2022 - 07:32 UTC

  Slight improvement in Brazil's inflation forecast

  

  Brazil's Central Bank (BCB) released a new study whereby this year's National Wide Consumer Price Index (IPCA) projections for this year fell from 7.15% to 7.11%, in what became the sixth consecutive forecast reduction.

• Thursday, August 4th 2022 - 10:01 UTC

  Brazil raises benchmark interest rate to 13,75%, and possibly more to come

  

  Brazil's central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.

• Monday, December 16th 2019 - 09:50 UTC

  Brazil's basic interest rate at an all time low of 4.50%

  

  Brazil's central bank cut its benchmark Selic interest rate to an all-time low of 4.50% this week but indicated that with borrowing costs so low and economic growth starting to pick up, it may mark a pause in the easing cycle, if not the end.

• Thursday, December 13th 2018 - 06:57 UTC

  Brazilian central bank keeps interest rates at an all time low

  

  The Brazilian central bank on Wednesday held interest rates at an all-time low, as widely expected, and hinted that it will hold off from raising them for longer than expected. The bank’s nine-member monetary policy committee, Copom, kept the benchmark Selic rate at 6.50 percent for a sixth straight meeting.

• Thursday, December 7th 2017 - 08:35 UTC

  Brazil cuts rates to an all-time low, 7%, and hints at another reduction

  

  Brazil’s central bank cut interest rates to an all-time low on Wednesday and hinted at a smaller reduction early next year, although it said it would be extra cautious going forward. The bank’s nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 50 basis points to 7.00%, capping a 725 basis-point decline since October 2016.

• Wednesday, May 31st 2017 - 22:06 UTC

  Brazil cuts Selic rate to 10.25%, lowest since December 2013: slowing inflation and gradual recovery

  

  The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 10.25 percent on Wednesday May 31st of 2017, as widely anticipated. It is the sixth straight rate decline, bringing borrowing costs to the lowest since December of 2013 amid slowing inflation and a gradual recovery.

• Thursday, September 1st 2016 - 10:02 UTC

  Brazil central bank keeps rates unchanged for the ninth straight time

  

  Brazil's central bank kept interest rates at a decade high for the ninth straight time on Wednesday, but did not discard a cut rate later this year if stubbornly high inflation subsides. In a unanimous vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25%, its highest since July 2006.

• Thursday, June 9th 2016 - 09:06 UTC

  Brazil's central bank leaves interest rate unchanged at 14.25%

  

  Brazil held interest rates steady for the seventh straight time on Wednesday, resisting pressure to slash borrowing costs amid a recession as inflation remains near double digits. In a unanimous vote, the central bank's monetary policy committee, Copom, decided at its last meeting led by governor Alexandre Tombini to keep its benchmark Selic rate at 14.25%, the highest in nearly a decade.

• Thursday, March 3rd 2016 - 05:03 UTC

  Brazil leaves key interest rate unchanged at 14.25% for the fifth time running

  

  Brazil's central bank kept interest rates on hold on Wednesday as widely expected, opting to avoid inflicting more harm on an economy mired in its worst recession in decades despite a surge in inflation. In a split vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25% for the fifth straight time.