Tag: Central Bank of Brazil

• 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.

• Monday, April 19th 2021 - 21:41 UTC

  Brazil's GDP on track to better results than expected

  

  Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.

• Thursday, March 18th 2021 - 08:53 UTC

  Fearing a spike in inflation, Brazil hikes interest rate 75 basis points for the first time since 2015

  

  Brazil's central bank on Wednesday announced a first interest rate hike since 2015, a surprising 75 basis point increase to 2.75% and anticipated a similar increase in May to fight inflation even as the economy struggles during the pandemic.

• Wednesday, March 3rd 2021 - 08:40 UTC

  Brazil's currency losing ground: central bank chief says it is not justified by economic fundamentals

  

  With public finances threatened, Brazil’s Real has suffered as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.

• Wednesday, March 3rd 2021 - 08:38 UTC

  Producer price inflation in Brazil anticipates Central bank will raise interest rates

  

  Brazil's statistics agency IBGE said on Tuesday the monthly rate of producer price inflation kicked off this year at its second highest, with prices rising across all 24 activities surveyed.

• Friday, February 12th 2021 - 09:57 UTC

  Brazilian Central Bank communication triggers confusion in financial markets

  

  Brazil's Central Bank chief Roberto Campos Neto admitted on Thursday that the January interest fixing rate policy meeting release may have generated more confusion in financial markets, instead of more transparency in communications.

• Friday, February 12th 2021 - 09:18 UTC

  Brazil congress passes bill granting the central bank greater autonomy

  

  Brazil's lower house of Congress on Wednesday approved the text of a bill granting the central bank autonomy, which will set fixed four-year terms for the bank's president and directors, and tighter rules on their exit from office.

• Thursday, February 11th 2021 - 08:47 UTC

  Brazilian Central Bank says inflation outlook rose for the fifth week running

  

  Brazil's central bank weekly FOCUS survey of some 100 economists and financial institutions indicated that the outlook for inflation in the country rose for the fifth consecutive week, and is getting closer to the bank's target for the year.

• Tuesday, January 19th 2021 - 08:29 UTC

  Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

  

  Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.

• Wednesday, January 13th 2021 - 09:14 UTC

  Brazilian interest rates in the next 24 months expected to rise steadily

  

  The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.