Tag: Brazilian interest rate

• Thursday, March 20th 2025 - 06:07 UTC

  Brazilian Central Bank raises interest rate to its highest in nine years, 14.25%

  

  The Brazilian Central Bank Copom (Monetary Policy Committee) raised the benchmark interest rate (Selic) by one full percentage point on Wednesday, from 13.25% to 14.25%, the highest since 2016, the level reached during the political crisis that ousted then president of Dilma Rousseff’s (PT) government.

• Thursday, May 9th 2019 - 12:28 UTC

  Brazil central bank leaves interest rates unchanged at 6.5%

  

  Brazil's central bank held fire on interest rates on Wednesday despite lackluster growth in Latin America's biggest economy and uncertainty over President Jair Bolsonaro's ability to push through a much-needed pension reform.

• Thursday, December 13th 2018 - 06:57 UTC

  Brazilian central bank keeps interest rates at an all time low

  

  The Brazilian central bank on Wednesday held interest rates at an all-time low, as widely expected, and hinted that it will hold off from raising them for longer than expected. The bank’s nine-member monetary policy committee, Copom, kept the benchmark Selic rate at 6.50 percent for a sixth straight meeting.

• Thursday, October 4th 2018 - 08:43 UTC

  Brazilian markets soar on prospects of a Bolsonaro victory next Sunday

  

  Brazilian markets soared for a second day on Wednesday on an opinion poll confirming right-wing presidential candidate Jair Bolsonaro was gaining steam ahead of Sunday’s vote and was on track to beat his likely leftist rival in a second-round runoff.