Tag: Brazilean Central Bank

• Friday, June 22nd 2012 - 07:46 UTC

  Credit Suisse’s Brazil growth forecast of 1.5% this year “a joke” said Mantega

  

  Finance minister Guido Mantega said the latest release from investment bank Credit Suisse forecasting Brazil’s 2012 GDP growth at 1.5%, was “a joke”.

• Thursday, June 21st 2012 - 05:34 UTC

  Brazil’s central bank forecasts strong rebound in last quarter and early 2013

  

  Brazil’s economy will be expanding in the beginning of next year at the fastest pace since the last quarter of 2010, said central bank President Alexandre Tombini.

• Friday, June 1st 2012 - 06:35 UTC

  Greater transparency and social communication for Brazil’s central bank

  

  Brazil’s central bank created a post on its board to improve transparency and communications two weeks after President Alexandre Tombini said it’s increasingly important for central banks to provide “forward guidance” to the market.

• Thursday, May 24th 2012 - 16:44 UTC

  Brazil’s current account deficit compensated by heavy FDI during April

  

  Brazil's monthly current account deficit rose sharply in April as the country's trade surplus faded and profit remittances and foreign travel costs increased, the Brazilian Central Bank said Thursday.

• Friday, May 4th 2012 - 17:26 UTC

  Brazil applies radical changes to deposits policy to further cut basic interest rates

  

  Brazil will cut returns on new deposits to savings accounts, thereby paving the way for the central bank to further cut its benchmark lending rate, Finance Minister Guido Mantega announced.

• Thursday, May 3rd 2012 - 07:19 UTC

  Brazil working on package to further lower interest rates without scaring savers

  

  Brazilian President Dilma Rousseff plans to unveil changes to rules related to savings accounts on Thursday, government sources said, a key move to pave the way for lower interest rates in Latin America's largest economy.

• Thursday, April 26th 2012 - 05:54 UTC

  Brazil loan delinquencies down; Rousseff wants lower rates from private banks

  

  Loan delinquencies at Brazilian banks fell in March for the first time this year, a sign that households are reining in debt to get current on their obligations, central bank data showed on Wednesday.

• Tuesday, February 28th 2012 - 05:02 UTC

  Brazil will cut the benchmark interest rate “to less than 10%” this year

  

  Brazilian central bank survey showing interest rate levels are inconsistent with the country’s inflation target won’t alter policy makers’ strategy of lowering borrowing costs further, bank President Alexandre Tombini said.

• Saturday, February 11th 2012 - 07:42 UTC

  Brazilean consumer prices increase 0.56% in January, fastest in nine months

  

  Brazilian consumer prices rose at the fastest pace in nine months in January on higher transport, food and drink costs. Prices increased 0.56% from December, the national statistics agency said in a report distributed in Rio de Janeiro.

• Wednesday, January 25th 2012 - 03:58 UTC

  Brazil record foreign direct investment more than compensates current account deficit

  

  Brazil posted a record-high current account deficit in 2011 on rising profit remittances by multinational companies and massive spending abroad by Brazilian tourists, but the deficit was more than covered by another record, this time for foreign direct investment, the central bank said Tuesday.