Tag: Brazilean Central Bank

• Monday, December 12th 2011 - 19:26 UTC

  Economists downgrade Brazil’s growth estimates for this year and 2012

  

  Brazilian bank economists cut the country’s growth estimate for this year to below 3%, (2.97%) according to a last week survey by the Central bank of over one hundred institutions and which was released Monday.

• Thursday, December 1st 2011 - 06:02 UTC

  Brazil has the highest real interest rate among 40 leading economies

  

  The Brazilian Central bank latest decision to lower the basic interest rate by half a percentage point to 11%, confirms Brazil leadership as the country with the highest real interest rates in the world. An honour it has held interruptedly for the last 23 months.

• Wednesday, November 30th 2011 - 23:08 UTC

  Brazil cuts basic rate by half a point to 11% and says inflation converging to target

  

  Brazil’s central bank cut borrowing costs by half a point for a third straight meeting as a global economic slowdown threatens with a slump in domestic demand. The bank’s board voted on Wednesday unanimously to reduce the benchmark Selic rate to 11% from 11.5%, as had been anticipated by markets.

• Wednesday, November 9th 2011 - 07:02 UTC

  Brazil's credit growth slowing to a “sustainable pace”, says Central bank

  

  Brazil’s credit growth is slowing to a sustainable pace and sufficient to feed domestic demand, said on Tuesday Luiz Pereira, the central bank’s director of international affairs.

• Thursday, October 27th 2011 - 15:50 UTC

  Brazilian central bank suggests ‘moderate’ cuts to interest rates

  

  Brazil’s central bank said slowing global growth will have a large enough disinflation impact and allow policy makers to carry out “moderate” cuts to interest rates.

• Tuesday, October 25th 2011 - 04:19 UTC

  Inflation in Brazil slowing down for the first time in 14 months

  

  Economists covering Brazil cut their 2012 inflation forecast for the first time in eight weeks, cementing expectations that the central bank will continue to cut interest rates.

• Friday, October 7th 2011 - 05:30 UTC

  Brazilian production feels the impact of cheap imports and global slowdown

  

  Output at Brazil's mines and factories slowed in August, falling a seasonally adjusted 0.2% from July as production in the country's industrial sector suffered the impact of cheap imports and the sluggish global economy.

• Thursday, September 22nd 2011 - 21:52 UTC

  Brazil to the rescue of the Real which is down 17% against the dollar in 4 weeks

  

  Brazil's central bank unexpectedly acted to halt the currency's slide on Thursday, highlighting growing concern among officials that the global financial crisis is damaging Brazil's economy and could cause a potentially destructive spurt in inflation.

• Thursday, September 1st 2011 - 02:45 UTC

  Brazil unexpectedly cuts interest rate to 12% on risks of EU and US recession

  

  Brazil’s central bank on Wednesday unexpectedly cut interest rates as the risk of recession in Europe and the US shifted policy makers’ focus away from containing the fastest inflation in six years.

• Saturday, August 27th 2011 - 07:17 UTC

  Brazil en route to comply comfortably with budget planned primary surplus

  

  Brazil’s budget primary surplus widened in July to a record for the month pushing the year-to-date total to almost 80% of the government’s 2011 target, according to the Central bank.