Tag: Central Bank of Brazil

• Monday, April 7th 2014 - 06:36 UTC

  Brazil's high yield bonds again attract foreign investors

  

  Brazil’s decision to hike its key interest rate to 11%, its highest level in two years, has again started to attract investors since there are also strong hopes that Brazil’s next president to be elected in October will rein in spending and adjust macroeconomic policies.

• Wednesday, March 26th 2014 - 07:44 UTC

  Brazil hits back at S&P; says economy is well positioned to new challenges in the global scenario

  

  Brazil's central bank on Tuesday said it will continue to respond to challenges in the international scenario after Standard & Poor's decision to downgrade the country's credit ratings. This includes a rigorous set of macroeconomic policies, a flexible exchange rate regime and the use of liquidity buffers “to smooth out moves in asset prices” the bank said in a statement.

• Thursday, February 27th 2014 - 04:41 UTC

  Brazil raises basic interest to 10,75%; same rate as when Rousseff took office

  

  Brazil's central bank raised its benchmark interest rate Wednesday to 10.75% from 10.5%, and left the door open for more rate increases while slowing the pace of the hikes. The move continues the bank's yearlong fight against inflation even as rising interest rates and the poor performance of the country's exporters jeopardize already feeble growth in an election year.

• Saturday, February 15th 2014 - 10:21 UTC

  Economic activity down for a second straight month in Brazil

  

  Brazilian economic activity fell for the second straight month in December, declining 1.35% relative to November, the Central Bank said in a report Friday. The Economic Activity Index, IBC-Br, considered a reliable predictor of GDP performance, was up 2.57% for all of 2013.

• Friday, December 6th 2013 - 07:05 UTC

  Brazil's central bank expected to keep current pace of interest rate increases

  

  Brazil's central bank said its current pace of interest rate increases remains appropriate to rein in consumer prices, repeating language it used to justify previous half-percentage-point increases, according to the November 26/27 minutes released on Thursday.

• Sunday, November 3rd 2013 - 00:42 UTC

  Brazil posted in September its highest primary budget deficit in five years

  

  Brazil posted a primary budget deficit of 9.048 billion Reais (4.1 billion dollars) in September, its biggest in nearly five years and the government reacted announcing a plan of cuts fearing an impact from credit rating agencies.

• Thursday, October 10th 2013 - 05:11 UTC

  Brazil raises basic interest rate to 9.5% and leaves door open for further increases

  

  Brazil Central bank raised interest rates for the fifth straight time on Wednesday and gave no indication of backing off its battle with high inflation. The benchmark Selic interest rate now stands at 9.5%, up fifty basic points from 9%.

• Thursday, July 25th 2013 - 06:00 UTC

  Brazil current account deficit narrows in June, but will be above 3% of GDP in 2013

  

  Brazil's current account deficit narrowed in June from a year ago, central bank data showed on Tuesday, although it may still be unable to cover that gap in 2013 with direct investment from abroad. The country posted a current account gap of 3.6 billion dollars in June.

• Friday, May 31st 2013 - 07:15 UTC

  Fearing high inflation Brazil raises basic rate 50 basic points to 8%

  

  Brazil's central bank raised its benchmark interest rate on Wednesday to 8% from 7.5%, as part of an effort to battle high inflation in an economy that keeps struggling with slow growth.

• Wednesday, May 8th 2013 - 16:57 UTC

  Brazilian inflation during April just managed to keep to the government’s target

  

  Inflation in Brazil during April climbed 0.55% over March (0.47%) and accumulated 6.49% in the last twelve months which is just below the government’s upper limit target of 4.5% to 6.5%, according to the latest release from the country’s Geography and Statistics National Institute, IBGE.