Tag: Central Bank of Brazil

• Thursday, June 9th 2016 - 09:06 UTC

  Brazil's central bank leaves interest rate unchanged at 14.25%

  

  Brazil held interest rates steady for the seventh straight time on Wednesday, resisting pressure to slash borrowing costs amid a recession as inflation remains near double digits. In a unanimous vote, the central bank's monetary policy committee, Copom, decided at its last meeting led by governor Alexandre Tombini to keep its benchmark Selic rate at 14.25%, the highest in nearly a decade.

• Wednesday, May 25th 2016 - 08:16 UTC

  Brazil with a current account surplus in April, first since 2009

  

  Brazil recorded a public current account surplus of US$412 million in April, the first positive result since 2009. Brazil's central bank's chief economist, Tulio Maciel, on Tuesday said the result was way better than anticipated.

• Wednesday, May 18th 2016 - 06:01 UTC

  Orthodox economist Goldfajn confirmed as Brazil's central bank governor

  

  Brazil's interim government on Tuesday confirmed the lead economist of the country's largest private bank to head the central bank, in a further shift away from the interventionist policies that many blame for deep recession and near double-digit inflation.

• Thursday, May 12th 2016 - 08:53 UTC

  Goldfajn considered the most probable candidate for Brazil's central bank

  

  Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.

• Tuesday, May 3rd 2016 - 06:54 UTC

  Brazil recession deepens, but prospects for 2017 seem much brighter

  

  Brazil’s recession is expected to deepen this year as economists brace for an even steeper contraction than in 2015. Economists have downgraded their 2016 outlook for Latin America’s largest economy for the 15th week in a row, according to the weekly Focus survey of about 100 economists by the Brazilian central bank.

• Friday, April 29th 2016 - 06:50 UTC

  Brazil's central bank leaves benchmark rate at 14.25% forced by stubborn inflation

  

  Brazil's central bank left its benchmark interest rate on hold at 14.25% for a sixth consecutive time, amid stubbornly high inflation and political uncertainty. The bank which makes rate decisions eight times a year has held its key Selic rate steady since the last of seven consecutive hikes in July 2015.

• Tuesday, March 8th 2016 - 08:03 UTC

  Brazil expected to contract 3.5% this year, says Central Bank survey

  

  Analysts expect Brazil's economy to contract by 3.5% this year, the Central Bank said Monday. Private sector economists, who expected the GDP to contract by 3.45% in the previous weekly survey, also raised their inflation projection from 7.57% to 7.59%.

• Thursday, March 3rd 2016 - 05:03 UTC

  Brazil leaves key interest rate unchanged at 14.25% for the fifth time running

  

  Brazil's central bank kept interest rates on hold on Wednesday as widely expected, opting to avoid inflicting more harm on an economy mired in its worst recession in decades despite a surge in inflation. In a split vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25% for the fifth straight time.

• Friday, February 12th 2016 - 06:21 UTC

  Brazil's economic outlook worsens, according to latest central bank survey

  

  Analysts expect Brazil's economy to contract by 3.21% this year, with the outlook worsening from last week, the Central Bank said this week. Seven days ago analysts said they expected Brazil's economy to contract by 3.01% in 2016.

• Friday, February 5th 2016 - 08:27 UTC

  Recession biting in Brazil: record net savings withdrawals in January

  

  Net savings withdrawals in Brazil rose to a record high in January, with deposit outflows exceeding inflows by 12.03 billion Reais (some $3.09 billion), the Central Bank said Thursday.