Tag: Central Bank of Brazil

• Thursday, March 23rd 2023 - 10:45 UTC

  Brazil central bank keeps rate unchanged despite Lula's government complaints, “the highest in the world”

  

  The Brazilian Central kept interest rates unchanged for the fifth consecutive policy meeting on Wednesday, increasing concern and criticism from the government of president Lula da Silva. The bank's rate-setting committee, Copom, maintained its Selic benchmark interest rate at 13.75%. The decision, which defied intense pressure from the government of Lula da Silva, matched the expectations of analysts.

• Wednesday, March 22nd 2023 - 10:35 UTC

  Lula insists in criticizing central bank autonomy: current rate of 13,75% is “irresponsible”

  

  Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country's central bank, saying that an interest rate of 13.75% - its current level - is “irresponsible,” adding he will continue to fight the current level to stimulate the economy.

• Tuesday, February 14th 2023 - 10:49 UTC

  Brazilian markets relief: Lula da Silva will respect Central Bank's autonomy

  

  Brazil’s Real remained stable after one of President Luiz Inácio Lula da Silva’s cabinet members said the administration will respect a law that gives autonomy to the central bank despite the president’s growing attacks against the monetary authority.

• Thursday, February 2nd 2023 - 10:28 UTC

  Brazil Central Bank leaves benchmark rate unchanged at 13,75%; warns about fiscal policy

  

  Brazil's Central Bank on Wednesday left the Selic benchmark interest rate at 13,75%, but in the adjoining release, the bank's rate setting committee, Copom said the high interest rate policy is expected to last longer than market expectations because of fiscal risks

• Tuesday, December 6th 2022 - 09:48 UTC

  Brazil's Central Bank adjusts 2022 inflation projections by 0.01%

  

  Brazil's yearly inflation has been projected to reach 5.92% by the end of 2022, a 0.01% increase from last week's estimates, according to the Central Bank's (BCB) bulletin released Monday, while the Gross Domestic Product is expected to close at 3.05%.

• Wednesday, November 30th 2022 - 09:46 UTC

  Foreign tourists spend record-high amounts in Brazil

  

  Foreign travelers have left behind record-high amounts of money in Brazil, according to a Central Bank (BCB) report released Tuesday.

• Tuesday, October 25th 2022 - 09:10 UTC

  Foreign tourists near spending in Brazil to 2016 figures

  

  Brazil's Central Bank (BCB) Monday confirmed foreign travelers had spent US$416 million in the country during September of 2022, the highest figure for the month since September of 2016, the year of the Olympic and Paralympic Games in Rio de Janeiro, which recorded US$ 446 million in revenues.

• Tuesday, October 18th 2022 - 10:07 UTC

  Inflation projections in Brazil fall yet again

  

  Brazilian economic authorities have cut down projections regarding 2022's annual inflation from 5.71% to 5.62%, it was reported Monday. It was the 16th consecutive reduction of the National Wide Consumer Price Index (IPCA) estimate.

• Thursday, September 22nd 2022 - 10:01 UTC

  With inflation soothing, Brazilian central bank leaves basic Selic interest rate unchanged at 13,75%

  

  Brazil's Central Bank Monetary Policy Committee (Copom) decided on Wednesday to keep its basic Selic interest rate unchanged at 13,75%, putting an end to twelve consecutive increases which took off in 2021 with the purpose of bringing down inflation.

• Thursday, September 15th 2022 - 19:20 UTC

  Brazil's economic activity going up, Central Bank index shows

  

  Brazil's economy jumped 1.17% in July from June's figures, according to the Central Bank's Economic Activity Index (IBC-Br) released Thursday based on seasonally adjusted data.