Brazil's Central Bank Monetary Policy Committee (Copom) decided on Wednesday to keep its basic Selic interest rate unchanged at 13,75%, putting an end to twelve consecutive increases which took off in 2021 with the purpose of bringing down inflation.Add your comment!
Brazil's economy jumped 1.17% in July from June's figures, according to the Central Bank's Economic Activity Index (IBC-Br) released Thursday based on seasonally adjusted data.
Brazil's Central Bank (BCB) CEO Roberto Campos Neto said Monday that the worst part of inflation in his country was over, after the proper tools to curb the process had been taken.
Brazil's Central Bank (BCB) Thursday announced it projected a 1.7% increase in the country's Gross Domestic Product (GDP) by the end of 2022, thus improving a previous forecast released in March, which mentioned merely 1%.
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.
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.
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.
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.
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.
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.