Tag: Central Bank of Brazil

• Friday, November 6th 2020 - 08:51 UTC

  Brazilian Senate votes overwhelmingly in favor of Central bank autonomy

  

  Brazil’s Senate voted overwhelmingly to approve a bill that would establish the autonomy of the central bank to reduce political interference in monetary policy and align the country with other major economies.

• Saturday, October 31st 2020 - 07:51 UTC

  Brazil's central bank intervenes twice in the week in support of the weakening Real

  

  Brazil's central bank intervened in the foreign exchange market on Friday, selling dollars to ease heavy downward pressure on the real that had pushed the local currency closer to its all-time low against the dollar struck earlier this year.

• Wednesday, August 26th 2020 - 09:45 UTC

  Brazilian central bank chief and Economy minister, “are fully aligned”

  

  Brazilian central bank president Roberto Campos Neto said he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a “non-issue.”

• Thursday, August 6th 2020 - 09:19 UTC

  Brazil's central bank cuts Selic lending rate to a record low of 2%

  

  Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.

• Wednesday, August 5th 2020 - 08:07 UTC

  For the fifth week running Brazil central bank survey reveals increased optimism on the economy

  

  The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.

• Thursday, June 18th 2020 - 12:32 UTC

  Brazil slashes benchmark interest rate 75 basis points to a record low of 2,25%

  

  Brazil’s central bank cut its benchmark interest rate by 75 basis points to a record low of 2.25% on Wednesday, as expected, and said there was some room left for further monetary stimulus to support an economy ravaged by the coronavirus pandemic.

• Tuesday, June 9th 2020 - 11:59 UTC

  Brazil central bank survey shows economy forecasted to contract 6,5% this year

  

  The outlook for Brazil’s economy deteriorated for a 17th week in a row, with Latin America’s largest economy now expected to shrink by 6.5% this year, a central bank survey of economists showed on Monday.

• Friday, June 5th 2020 - 08:29 UTC

  Foreign investment returns to Brazil in May, first since July 2019

  

  Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.

• Tuesday, June 2nd 2020 - 09:00 UTC

  Brazilian economy forecasted to contract 6,25% and rebound 3,5% in 2021

  

  Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.

• Tuesday, October 29th 2019 - 07:36 UTC

  Brazil, expectations of new lows for inflation and interest rates

  

  Brazilian inflation and interest rate expectations for next year have fallen to new lows, according to a central bank survey of economists published on Monday, strengthening the view that monetary policy will be loosened further in the months ahead.