Tag: Central Bank of Brazil

• Wednesday, September 19th 2018 - 08:18 UTC

  Brazilian Bovespa market index up 1.75%; Real suffers a slight depreciation

  

  Brazil's benchmark Bovespa index rose 1.75% on Tuesday, rallying for a second straight day largely on a spike in commodities prices. Two of the Bovespa's most heavily weighted equities, miner Vale and oil giant Petrobras benefited from rising commodity prices worldwide amid escalating China-U.S. trade tensions and signals OPEC is not prepared to raise output to address shrinking supplies from Iran.

• Tuesday, July 17th 2018 - 09:30 UTC

  Brazilian market lowers 2018 economic growth to 1.5%, reveals central bank survey

  

  Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.

• Thursday, June 21st 2018 - 08:12 UTC

  Brazil leaves Selic benchmark rate unchanged at 6.5%; central bank assessing impact of truckers strike

  

  Brazil’s central bank kept interest rates unchanged on Wednesday, as expected, refraining from hiking even after a sharp currency slide as policymakers highlighted the unclear impact of a nationwide protest by truckers in late May.

• Friday, June 8th 2018 - 08:35 UTC

  Temer denies any risk of a currency crisis; Central bank pledges “all the necessary liquidity”

  

  Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.

• Friday, May 11th 2018 - 08:50 UTC

  Brazil inflation in April below official target; another interest rate cut expected

  

  Brazil's inflation rate unexpectedly slowed in April and kept far below the official target, suggesting a recent period of currency weakness is unlikely to keep the central bank from cutting interest rates next week.

• Monday, April 23rd 2018 - 08:37 UTC

  Speed of recovery, the main debate on the Brazilian economy

  

  Brazil's policy makers welcomed an upward revision of the country's growth by the International Monetary Fund, while downplaying the fact its estimate remains lower than others.

• Friday, February 9th 2018 - 10:16 UTC

  Brazilian inflation in January below the official Central bank target

  

  Lower power tariffs pulled Brazil's inflation rate below the official target range and even the lowest of forecasts in January. Consumer prices tracked by the benchmark IPCA index rose 2.86% in the twelve months through January, government statistics agency IBGE said on Thursday.

• Thursday, February 8th 2018 - 09:17 UTC

  Brazil's central bank beats inflation and recession: eyes now on the presidential election

  

  Brazil’s central bank cut its benchmark interest rate on Wednesday to a new low of 6.75%, but hinted it was now done with a historic easing cycle. The bank lowered the Selic rate by 0.25 percentage point, its 11th consecutive cut aimed at helping Latin America’s largest economy emerge from a stifling two-year recession.

• Friday, January 12th 2018 - 10:26 UTC

  Brazilian inflation ends 2017 at 2.95%, below the bottom of central bank target

  

  The annual inflation rate in Brazil increased to 2.95% in December, from 2.50% in November, rising above economists' projections of 2.80%, but ending the year below the bottom of the central bank's target for 2017, which ranged from 3% to 6%.

• Thursday, December 7th 2017 - 08:35 UTC

  Brazil cuts rates to an all-time low, 7%, and hints at another reduction

  

  Brazil’s central bank cut interest rates to an all-time low on Wednesday and hinted at a smaller reduction early next year, although it said it would be extra cautious going forward. The bank’s nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 50 basis points to 7.00%, capping a 725 basis-point decline since October 2016.