Tag: Central Bank of Brazil

• Wednesday, July 13th 2011 - 19:13 UTC

  In spite of slower growth, Brazil’s consumers and industrial capacity on over time

  

  Economic activity in Brazil expanded 0.17% in May over the previous month, the slowest pace this year, according to the Central Bank’s seasonally adjusted index. As direct reference growth in April was 0.44%. However the May figure is 4.25% over a year ago.

• Thursday, June 9th 2011 - 19:24 UTC

  Brazil hikes basic rate to 12.25% and further increases can be expected

  

  Brazil's central bank increased late Wednesday its benchmark interest rate for the fourth straight meeting after consumer prices exceeded the upper limit of its target range for the first time since 2005.

• Thursday, April 21st 2011 - 03:14 UTC

  Brazilian central bank raises benchmark rate 0.25 percentage points to 12%

  

  Brazil’s central bank raised its benchmark interest rates a quarter of a percentage point from 11.75% to 12%. The decision surprised the market since it was a smaller raise than two previous hikes of half a percentage point earlier this year.

• Saturday, March 26th 2011 - 08:57 UTC

  Brazil expected to raise benchmark interest rate as inflation “worsens”

  

  Brazilian Central bank President Alexandre Tombini admitted inflation forecasts may “worsen”. Consumer prices in the 12 months through mid-March rose 6.13%, the biggest jump in more than two years.

• Friday, February 11th 2011 - 06:42 UTC

  Brazil’ central bank forex surpass the 300 billion USD mark…but at a cost

  

  Brazil's forex reserves surpassed the 300 billion US dollars mark for the first time ever this week according to the country's central bank as a result of recent heavy foreign exchange inflows and accelerated US dollar buying by the institution.

• Thursday, January 20th 2011 - 16:44 UTC

  Brazil Raises Interest Rate to 11.25%

  

  Brazil’s Central Bank has increased its key interest rate to 11.25% in the hope of halting inflation. The rate has gone up from 10.75% and is the first under the Government of President Vilma Rousseff, who came in to office earlier this month.

• Friday, November 26th 2010 - 16:25 UTC

  Mantega proposes “diluted” inflation index with no fuel or food items included

  

  Brazil Finance minister Guido Mantega is proposing a “dehydrated” inflation index with the purpose of reducing interest rates faster under the incoming administration of president-elect Dilma Rousseff, reports the influential O Estado de Sao Paulo.

• Wednesday, November 24th 2010 - 20:17 UTC

  Rousseff confirms flexible-orthodox Tombini to head Brazil’s central bank

  

  Brazilian president-elect Dilma Rousseff press office announced Thursday that economist Alexandre Tombini will be the next president of the central bank; economist Guido Mantega will continue as Finance minister and engineer Miriam Belchoir coordinator of PAC (program to bolster growth) will become Planning and Budget minister.

• Tuesday, November 23rd 2010 - 02:54 UTC

  Brazilian president-elect plans to maintain central bank’s “operational autonomy”

  

  Brazil’s President-elect Dilma Rousseff plans to maintain the central bank’s operational autonomy and also will keep the position of central bank president as a Cabinet-level post, according to reliable sources close to the leader.

• Wednesday, September 22nd 2010 - 07:39 UTC

  Brazil’s central bank buys 5.9 billion USD to contain revaluation of the Real

  

  Brazilian central bank President Henrique Meirelles stepped up dollar purchases to the highest in almost a year this month in a bid to temper gains in the Real.