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Montevideo, March 23rd 2026 - 22:05 UTC

Tag: Central Bank of Brazil

  • Wednesday, March 18th 2026 - 22:44 UTC

    Brazil’s central bank starts easing cycle, cuts Selic rate to 14.75%

    The decision comes as Brazil combines softer inflation with signs of slower economic growth

    Brazil’s central bank on Wednesday cut the Selic benchmark rate from 15% to 14.75% a year, marking the first reduction since May 2024 and the formal start of an easing cycle that policymakers had already flagged. In its statement, the Monetary Policy Committee, or Copom, said the move was consistent with its strategy to bring inflation back to target and noted that the external environment had become “more uncertain” because of the intensification of geopolitical conflicts in the Middle East.

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  • Thursday, May 8th 2025 - 10:41 UTC

    BCB ups Selic rate to 14.75% per annum

    It was the sixth Selic rate hike in a row

    Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) unanimously decided Wednesday to raise the Selic benchmark rate by 0.5 percentage points to 14.75% per year, consolidating a contraction cycle. This decision was driven by high food and energy prices and global economic uncertainties, and the financial markets were expecting the move.

  • Sunday, February 9th 2025 - 19:38 UTC

    Brazil’s interest rate raised to 13.25% and further increases forecasted

    Copom, lifted the Selic policy rate to 13.25% in a unanimous decision, the first under new central bank Chief Gabriel Galipolo,appointed by President Lula da Silva

    Brazil's central bank raised its benchmark interest rate, Selic, by 100 basis points for the second straight meeting last Wednesday and anticipated another similar hike in March, concerned about mounting inflationary pressures.

  • Wednesday, January 22nd 2025 - 09:30 UTC

    Brazilian Central Bank report foresees 5.08% inflation for this year

    The Brazilian real is expected to grow against the US dollar in the coming years, the Focus Bulletin said

    The Focus Bulletin released earlier this week by Brazil's Central Bank (BCB) projected a 5.08% inflation for this year in South America's largest country. The new prediction represented a slight twitch from last week's 5% National Consumer Price Index (IPCA). Meanwhile, Brazil's Gross Domestic Product (GDP) - the sum of goods and services produced in the country - is expected to grow by 2.04% in 2025, a slight improvement from 2.02% the week before.

  • Friday, December 20th 2024 - 10:30 UTC

    Brazil's real recovers against US dollar

    Brazil's Central Bank sold US$ 5 billion to stabilize the exchange rate

    Brazil's Central Bank (BCB) successfully maneuvered Thursday and got the US dollar to fall against the local real after volatility gripped financial markets amid President Luiz Inácio Lula da Silva's planned taxation reforms, Agencia Brasil reported. The US currency closed at R$ 6.12 following Congressional approval of the Government's legal package.

  • Wednesday, December 18th 2024 - 10:22 UTC

    Brazil: Selic rate expected to keep growing next year

    Yoy inflation reached 4.87%, slightly above the 3% (+/- 1.5%) target

    Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) said Tuesday in a document that further hikes to the basic interest rate (Selic) were not to be ruled out next year given the rise of the US dollar against the Brazilian real, which crossed the BR$ 6 / US$ 1 barrier after the fiscal package announced by the Government of President Luiz Inácio Lula da Silva in recent days negatively impacted the market.

  • Saturday, November 30th 2024 - 10:25 UTC

    Brazil: US dollar pierces R$ 6 barrier

    Brazil's Central Bank (BCB) did not intervene in the exchange rate

    The US dollar closed for the first time above the psychological R$ 6 barrier on another turbulent day in Brazil's markets, Agencia Brasil reported. The local scene continued to reverberate after the spending cut package announced earlier this week by Finance Minister Fernando Haddad, also impacting the stock exchange scene during the day.

  • Thursday, September 19th 2024 - 08:00 UTC

    Brazilian central bank raises Selic rate to 10,75%, fearing inflation resurgence

    ”The pace of future adjustments of the interest rate and the total magnitude of the cycle that just started will be determined by the firm commitment of reaching the” target, said the release

    While the United States Federal Reserve decided to cut its reference interest rate arguing inflation was under control, Brazil's Central Bank decided the opposite and actually hiked 25 bases point its already high Selic benchmark from 10,50% to 10,75%.

  • Thursday, August 1st 2024 - 09:07 UTC

    Brazil's Copom keeps Selic unchanged

    Most analysts concurred that there were uncertainties regarding the fiscal deficit

    Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) unanimously agreed Wednesday to keep the Selic basic interest rate at 10.5% per year, Agencia Brasil reported. The measure followed through on June's decision to stop the downward cycle that spanned from August last year until March this year, during which the Selic was lowered by 0.5 percentage points at each meeting until in May it was 0.25 percentage points.

  • Tuesday, June 25th 2024 - 09:41 UTC

    Brazil's yearly inflation projection adjusted slightly upwards

    According to the Brazilian Institute of Geography and Statistics (IBGE), the IPCA has accumulated 3.93% in 12 months

    Brazil's Central Bank (BCB) Monday released the latest edition of its Focus Bulletin showing a slight upward adjustment in the Broad National Consumer Price Index (IPCA) from 3.96% to 3.98% this year, Agencia Brasil reported. The index is considered the country's official inflation. The weekly survey among leading financial institutions also projected an increase from 3.8% to 3.85% next year while for 2026 and 2027 the forecasts were 3.6% and 3.5% respectively.

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