Tag: Central Bank of Brazil

• Monday, October 19th 2015 - 07:11 UTC

  Economic activity in Brazil plunges 4.47% in the last twelve months to August

  

  Economic activity in Brazil fell for a third straight month in August, Central Bank data showed, adding to evidence of a steeper-than-expected recession in the country. The figures were unveiled on the same day the government dismissed rumors over the resignation of Finance Minister Joaquim Levy.

• Thursday, October 8th 2015 - 12:08 UTC

  Brazil's inflation eases in September but still too close to two digits

  

  Inflation in Brazil has eased for second consecutive month, which takes some pressure of the central bank to hike rates further. The Real has also gained pace last month after the central bank promised to do whatever it takes to stem the Brazilian currency's slide. The Real has strengthened to 3.84 per dollar after touching new all-time high of 4.247 per dollar only a couple of weeks ago.

• Monday, September 28th 2015 - 10:35 UTC

  Brazil has sufficient reserves, but Rousseff concerned about companies with dollar debts

  

  Brazil President Dilma Rousseff cited the nation's foreign currency reserves as a backstop to excessive volatility and weakness in the Brazilian Real.

• Friday, September 25th 2015 - 07:17 UTC

  Brazil's Real recovers ground after Central bank promises to use all 'instruments available'

  

  Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the Real's collapse. Earlier in the day the Real tumbled to an all-time low of 4.248 to the U.S. dollar, but bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate market.

• Wednesday, September 9th 2015 - 08:10 UTC

  No end to Brazil's bad news: two consecutive years of recession ahead

  

  Analysts expect Brazil's economy to contract by 2.44% this year, marking the worst performance since 1990, and inflation will hit 9.29%, the Central Bank said Tuesday. The latest figures represent a downward revision from last week, when analysts expected Latin America's largest economy to contract by 2.26% and inflation to come in at 9.28%.

• Thursday, September 3rd 2015 - 10:29 UTC

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

  

  Brazil's central bank halted one of the world's boldest rate-hiking cycles on Wednesday, taking pressure off an economy struggling with recession even amid concerns that a looming budget crisis could stoke inflation.

• Wednesday, August 26th 2015 - 06:46 UTC

  Brazil economy to contract 2.06% and 0.24% next year, says Central bank survey

  

  Analysts expect Brazil's economy to contract by 2.06% this year, with the inflation rate coming in at 9.29%, the Central Bank said Monday. GDP estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

• Thursday, August 20th 2015 - 06:32 UTC

  Brazil in recession, according to the Central Bank's economic activity index

  

  Economic activity in Brazil fell more quickly than expected in June, central bank data showed on Wednesday, adding to evidence that the once-booming economy is suffering a painful recession. The Brazilian central bank's IBC-Br economic activity index fell 0.58% in June from the prior month, the bank said in a report released on Wednesday.

• Tuesday, August 18th 2015 - 09:15 UTC

  Markets estimate Brazil's recession will spill over to 2016, says Central bank

  

  The Brazilian Central Bank weekly Focus Bulletin released on Monday indicates, for the first time, according to the prevailing opinion among financial institutions that the current recession of the country's economy will extend well into 2016. According to Focus the market forecasts a retraction of the Brazil's GDP of 0.15% in 2016.

• Thursday, June 25th 2015 - 07:33 UTC

  Brazilian central bank inflation estimates anticipate increase in interest rates

  

  The Brazilian Central Bank on Wednesday raised its inflation estimate for 2015 to 9%, or almost double the midpoint in the official range and well above the 6.5% top end target, and said the economy may contract by 1.1% this year, marking the worst performance since 1990.