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

• Thursday, November 26th 2015 - 16:57 UTC

  In a split vote, Brazil's central bank leaves Selic rate unchanged; pressure for an increase

  

  Brazil's central bank kept interest rates on hold for the third straight meeting on Wednesday in a split vote that shows policymakers are uneasy about inflation, a worsening recession which might lead to a raise in rates early in 2016.

• Thursday, October 22nd 2015 - 07:09 UTC

  Brazil leaves Selic rate unchanged at 14.25%; inflation the target but with no timetable

  

  Brazil's central bank kept interest rates on hold on Wednesday, for a second straight month despite a jump in inflation expectations. The decision not to raise rates will give a breather to President Dilma Rousseff, who is fighting for her political survival amid the country's worst economic and political crisis in 25 years.

• Thursday, September 3rd 2015 - 10:29 UTC

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

  

  Brazil's central bank halted one of the world's boldest rate-hiking cycles on Wednesday, taking pressure off an economy struggling with recession even amid concerns that a looming budget crisis could stoke inflation.

• Thursday, June 4th 2015 - 08:54 UTC

  Despite a contracting economy Brazil increases basic interest rate to 13.75%

  

  Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession.

• Thursday, April 30th 2015 - 07:52 UTC

  Brazil raises basic rate 50 points to 13.25%, highest since December 2008

  

  As was anticipated and in line with the current anti-inflation policy, Brazil's central bank on Wednesday evening announced the increase of the basic Selic interest rate another 50 points to 13.25% from 12.75%. The decision from the nine-member Monetary Committee was unanimous, according to the official release.

• Thursday, March 5th 2015 - 08:17 UTC

  Brazil raises benchmark interest to 12.75%, highest level since 2009

  

  Brazil’s central bank raised its benchmark interest rate to 12.75% Wednesday, the highest level since 2009, as it struggles to get price increases under control amid sluggish economic growth and deepening political turmoil.

• Thursday, January 22nd 2015 - 06:39 UTC

  Brazil central bank increases basic rate to 12,25%, highest since August 2011

  

  Brazil's central bank raised interest rates to a more than three-year high on Wednesday, maintaining an aggressive pace of monetary tightening to contain high inflation, help the economy back on its tracks and win investors disillusioned with the once-booming economy.

• Wednesday, December 17th 2014 - 00:53 UTC

  Brazil's real sinks against US dollar to lowest rate in 10 years

  

  The currency closed at R$ 2.76 per US$ 1 dollar. Domestic politics, international oil prices, US Fed measures and Russian ruble drop to blame.

• Thursday, December 4th 2014 - 05:03 UTC

  Brazil raised the basic interest rate 50 basic points to 11.75%

  

  Brazil's central bank on Wednesday raised its key interest rate by 50 basis points to 11.75%. The rise came on the back of a one quarter point rise just over a month ago which was the first since April and in the wake of populist Dilma Rousseff's re-election as president, who last week appointed a new finance team to tackle rising inflation.

• Thursday, October 30th 2014 - 10:39 UTC

  In a divided vote, Brazil's central bank raised the Selic rate 25 points to 11.25%

  

  In a surprise move and in divided vote (5 to 3), Brazil's central bank monetary board, Copom, decided to raise its benchmark Selic rate by 25 basis points to 11.25%. A majority of economists and analysts anticipated that the bank would opt to keep rates unchanged.