Tag: Central Bank of Brazil

• Wednesday, November 30th 2016 - 10:14 UTC

  Brazil economic outlook lowered according to Central bank survey

  

  Economists again lowered their outlook for Brazil's economic performance in 2016 and 2017, as the effects of a deep recession persist in Latin America's largest economy.

• Tuesday, November 22nd 2016 - 14:10 UTC

  Brazil admits Trump policies could cause a flow out of capital from emerging economies

  

  Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of “external shocks” from threatening macroeconomic stability.

• Monday, October 10th 2016 - 11:49 UTC

  Combating inflation and austerity reforms Brazil central bank's priorities

  

  Brazilian central bank chief Ilan Goldfajn said policymakers have no set time frame to cut interest rates, even as industrial data suggested that Latin America's biggest economy may take longer than expected to emerge from recession.

• Monday, August 15th 2016 - 15:09 UTC

  July inflation in Brazil remains over target: 8.74% in twelve months

  

  Inflation in Brazil rose more sharply in July than economists expected, official data showed, raising pressure on the central bank to keep interest rates on hold for some time.

• Monday, August 15th 2016 - 07:19 UTC

  Brazil concerned about the 25% surge of the Real against the US dollar

  

  The Brazilian Real weakened further on Friday after interim President Michel Temer showed concern over currency strength, while stocks edged lower following a heavy batch of quarterly results including state controlled oil company Petrobras.

• Tuesday, July 26th 2016 - 21:51 UTC

  Meirelles insists on a cap for government spending, if not taxes will have to rise

  

  Brazil's Finance Minister Henrique Meirelles has warned that if Congress does not approve a ceiling for public spending, the country will have chosen a most cumbersome path with new rounds of tax increases and higher interest rates which will further delay sustainable growth.

• 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.