Tag: Brazilean Central Bank

• 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.

• Thursday, January 21st 2016 - 07:13 UTC

  In a surprise move, Brazil's central bank leaves interest rate unchanged at 14.25%

  

  Recession-hit Brazil's central bank in a divided vote left the key interest rate untouched on Wednesday despite rising inflation, opting against an increase that could put a further brake on the world's seventh-biggest economy.

• Tuesday, December 15th 2015 - 08:32 UTC

  Brazil's Central bank Focus weekly negative report

  

  Analysts expect Brazil's economy to contract by 3.62% this year, with inflation hitting 10.61%, the Central Bank said Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

• Monday, November 2nd 2015 - 08:43 UTC

  Brazilian central bank opposes using the country's US$ 370bn reserves

  

  Brazil's central bank chief, Alexandre Tombini, told lawmakers he opposes using the country's $370 billion foreign reserves at this moment as they serve as an insurance policy for Latin America's largest economy.

• Tuesday, September 8th 2015 - 08:54 UTC

  Brazil confident it can stand 'first period of volatility' if Fed raises rates

  

  Brazil is well prepared to cope with any market volatility resulting from a U.S. interest rate rise, Finance Minister Joaquim Levy said on Monday. The minister told a meeting in Madrid that Brazil's banks were well capitalized and the country has large foreign exchange reserves.

• Tuesday, September 1st 2015 - 07:08 UTC

  Brazil Central bank survey says economy will shrink 2.26% this year and 0.40% next year

  

  Analysts expect Brazil's economy to contract by 2.26% this year, reflecting greater pessimism in the wake of the release of figures last week showing that the country is in a recession, the Central Bank said Monday.

• Wednesday, December 17th 2014 - 13:19 UTC

  Brazilian economy remains flat with similar forecast for 2015

  

  Brazil's economy contracted 0.26% in October, ending a three-month growth streak and coming in below analysts' expectations of a 0.30% expansion, reported the Central Bank.