Tag: Central Bank of Brazil

• Thursday, April 4th 2013 - 07:45 UTC

  Brazil central bank admits difficulties in taming stubbornly high inflation

  

  Brazil’s Central Bank will keep a close eye on the economy to see if there is a need for any action to tame stubbornly high inflation, the bank's chief Alexandre Tombini said in a presentation to the Senate's economic affairs committee

• Saturday, January 12th 2013 - 11:57 UTC

  Inflation under control says Brazil, but investors not entirety convinced

  

  Brazilian consumer prices ended 2012 near the top of the central bank's target range for the third year running, prompting concern from economists that the country is stuck in a phase of low growth and high inflation.

• Saturday, December 29th 2012 - 06:19 UTC

  Brazil central bank injects more liquidity by lowering reserve requirements

  

  Brazil's central bank announced it would cut reserve requirements on demand deposits under specific conditions to free up around 15 billion Reais (7.3 billion dollars) for lending in a move aimed at boosting investment in the stagnating economy.

• Thursday, December 27th 2012 - 05:49 UTC

  China’s Industrial and Commercial bank, authorized to open a branch in Brazil

  

  The Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, got the green light from Brazilian regulators to operate a subsidiary in the Latin America's largest economy, the lender said on Wednesday. Brazil's central bank approved the license on Dec 19.

• Friday, December 7th 2012 - 02:18 UTC

  Brazil central bank expected to keep interest rates low for a ‘prolonged period’

  

  The Brazilian central bank indicated it will keep interest rates at their current level for an extended period given favourable signs for the inflation outlook.

• Friday, October 26th 2012 - 00:14 UTC

  Brazil central bank says ‘recovery in underway’ and inflation in ‘under control’

  

  Brazil Central Bank President Alexandre Tombini Tuesday said “there are consistent signs that the recovery of economic growth is underway” and insisted despite some market skepticism, that inflation is “under control.”

• Tuesday, June 12th 2012 - 23:08 UTC

  Brazil says economy should pick up in coming months in spite of world slowdown

  

  Stimulus measures enacted by policymakers in recent months should soon lead to a pickup in growth, breathing some life into Brazil after three straight quarters of stagnation, said central bank president Alexandre Tombini. However he warned about two years of slow global growth and markets volatility.

• Wednesday, June 6th 2012 - 18:48 UTC

  Brazilian inflation falls below 5% in May for the first time since September 2010

  

  Brazil’s inflation rate fell more than economists expected in May, pushing the annual pace below 5% for the first time since September 2010. Monthly inflation slowed to 0.36% from 0.64% in April.

• Tuesday, April 10th 2012 - 16:30 UTC

  Brazil targets a dollar floor of 1.80 Reais and questions private banks attitude

  

  Having a floor of 1.80 Real to the US dollar is no great thing, but it is a target to sustain said Brazil Development, Industry and Foreign Trade minister Fernando Pimentel referring to the latest announcements to promote Brazilian industry battered by a strong currency and massive inflow of ‘cheap’ imports.

• Tuesday, March 6th 2012 - 17:06 UTC

  Brazil growth in 2011, slowest since 2003, but 2 million jobs were created

  

  The Brazilian economy last year registered its second-worst performance since 2003 as higher borrowing costs and a currency that rallied to a 12-year high led it to under-perform emerging-market peers China and India.