Tag: Brazilean Central Bank

• 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, June 16th 2022 - 07:39 UTC

  Brazil's central bank raises Selic rate to 13,75%, hoping to contain inflation

  

  Brazil's central bank raised its benchmark interest rate for the 11th straight time on Wednesday, bringing the Selic rate to 13,75%, in an attempt to contain inflation in Latin America’s biggest economy.

• 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.

• Friday, August 3rd 2018 - 09:32 UTC

  Brazil central bank keeps interest rates at an all-time low

  

  Brazil's central bank kept interest rates at an all-time low on Wednesday and downplayed a recent spike in inflation, suggesting no rate hikes in the immediate future. The effect of a nationwide truckers' strike on prices is likely to fade but will probably further slow a recovery in Latin America's top economy, the bank said, underscoring the outsized impact of the late-May protests.

• Wednesday, May 17th 2017 - 17:44 UTC

  .Brazil seems to be climbing out of the worst recession in history

  

  Brazil is set to show a return to growth, the Central Bank indicated Monday, raising hopes that Latin America’s biggest economy could be inching out of a two-year recession.

• Thursday, September 29th 2016 - 11:23 UTC

  Brazil central bank sees annual inflation targets within arm's reach

  

  Brazil's central bank expects annual inflation to ease below the government's 4.5% target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. The bank also held its estimate for an economic contraction of 3.1% in 2016, but it expects the economy to grow 1.3% in 2017.

• 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.

• Tuesday, August 2nd 2016 - 06:24 UTC

  UBS optimistic about evolution of Brazilian economic activity in second half of 2016

  

  Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report published last Friday.

• Monday, February 22nd 2016 - 08:43 UTC

  Unemployment in Brazil reaches 9% in Sept-Nov rolling quarter

  

  Unemployment in Brazil was 9% during the September-November rolling quarter, unchanged from the August-October period, the Brazilian Institute for Geography and Statistics reported.