Tag: Central Bank of Brazil

• 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.

• Thursday, August 22nd 2019 - 18:51 UTC

  Brazil central bank anticipates that there is scope to further cut interest rates

  

  Brazilian central bank president Roberto Campos Neto said on Wednesday that the balance of economic risks and increasingly benign inflation means there is scope to cut interest rates further.

• Friday, August 16th 2019 - 12:55 UTC

  Brazil's central bank will sell dollars in the spot currency market; first time in a decade

  

  Brazil’s central bank announced it would sell dollars outright in the spot currency market this month for the first time in over a decade, changing its regular market operations in response to rising demand for liquidity.

• Saturday, June 8th 2019 - 09:53 UTC

  Brazil central bank denies plans for a monetary union with Argentina

  

  Brazil’s central bank has denied any planning is underway to create a monetary union with Argentina, after a spokesman for the government in Buenos Aires said on Thursday it was the case.

• Thursday, May 9th 2019 - 12:28 UTC

  Brazil central bank leaves interest rates unchanged at 6.5%

  

  Brazil's central bank held fire on interest rates on Wednesday despite lackluster growth in Latin America's biggest economy and uncertainty over President Jair Bolsonaro's ability to push through a much-needed pension reform.

• Wednesday, March 13th 2019 - 08:12 UTC

  Brazil February consumer prices rose 0.43%, and 3.89% in twelve months

  

  Consumer prices in Brazil rose at a slightly faster pace than expected in February due to a rise in private education fees and food and beverage prices, statistics agency IBGE said on Tuesday. On a monthly basis, inflation rose by 0.43% in February, IBGE said, more than the expected 0.39% and up from 0.32% a month earlier.