Tag: Central Bank of Brazil

• Saturday, May 14th 2022 - 08:33 UTC

  Brazil invited to abide by OECD codes of good practices

  

  Brazilian economic authorities Friday announced they had received an invitation from the Organization for Economic Cooperation and Development (OECD) Council to abide by both the Capital Movements Liberalization Code and the Intangible Current Operations Liberalization Code.

• Thursday, May 12th 2022 - 10:10 UTC

  Brazil consumer prices increased 1.06% in April and 12,13% in twelve months

  

  Consumer prices in Brazil increased 1.06% from March, the fastest rise for the month of April since 1996, the Brazilian Institute of Geography and Statistics, or IBGE, said on Wednesday. Prices rose 12.13% from a year earlier, the fastest pace since 2003. In March, prices rose 1.62% from February and increased 11.30% from a year earlier. Again food and transport had a decisive impulse.

• Friday, April 1st 2022 - 22:16 UTC

  Brazil's Central Bank workers go on indefinite strike

  

  Employees of Brazil’s Central Bank (BCB) Friday went on strike to demand better wages. The workers have announced that their measure will continue until an answer has been achieved. The new circumstances affect local payments and other services, it was reported.

• Wednesday, March 16th 2022 - 22:55 UTC

  Brazil's Central Bank raises interest rate to 11.75%, highest since 2017

  

  Brazil's central bank (BCB) on Wednesday raised its benchmark interest rate by 1 percentage point to 11.75%, a high in nearly five years, in a bid to curb inflation that “continued to surprise” amid pressures exacerbated by the war in Ukraine. Last time with such a high inflation was last April, 2017.

• Wednesday, February 23rd 2022 - 20:07 UTC

  Federal tax collection in Brazil 18.3% up in January

  

  Collection of federal taxes in Brazil has reached its peak since 1995, according to a report from the Economy Ministry released Wednesday, which showed revenues had reached R$ 235.3 billion in the month of January of 2022.

• Thursday, February 3rd 2022 - 09:55 UTC

  Brazil rises Selic interest rates amid growing inflation

  

  Brazil's Central Bank (BCB) Wednesday increased its benchmark interest rate (Selic) by 1.5 percentage points, reaching 10.75%, the first time in five years it hit double digits, amid a growing inflation and despite the consequences, this measure may have on economic growth.

• Friday, December 10th 2021 - 09:56 UTC

  Brazil raised the benchmark interest rate to 9,25% to try and contain inflation

  

  Brazil's Central Bank raised its benchmark interest rate 150 basis points for the second time running to 9,25%, the highest since 2017, in an effort to contain growing inflation.

• Thursday, October 28th 2021 - 09:55 UTC

  Brazil's Central Bank increases Selic rate above expectations

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.

• Thursday, October 14th 2021 - 08:59 UTC

  Central Bank of Brazil takes action to reverse real shrinking

  

  Brazil's Central Bank Wednesday took an active role in the currency exchange market and sold US $ 1 billion to avoid a devaluation of the real, which has already lost a third of its value against the US dollar in 2021 alone

• Thursday, May 6th 2021 - 08:48 UTC

  Brazil's Central Bank ups basic interest rate to curb growing inflation

  

  In a move to curb growing inflation, Brazil's Central Bank Wednesday decided to raise the basic interest rate by 0.75 percentage points, to 3.5% per year. It was the second time in a row that the monetary authorities responded to this type of measure.