Tag: Copom

• Friday, June 18th 2021 - 09:35 UTC

  Interest rates in Brazil need to stay high to contain 2022 inflation, former minister says

  

  Former Brazilian Finance Minister Maílson da Nóbrega (Jan. 6 1988 - March 18, 1990) under President José Sarney has pointed out that the country needs to keep interest rates at a high level at least until the Selic rate reaches 6.5% per year.

• Thursday, March 18th 2021 - 08:53 UTC

  Fearing a spike in inflation, Brazil hikes interest rate 75 basis points for the first time since 2015

  

  Brazil's central bank on Wednesday announced a first interest rate hike since 2015, a surprising 75 basis point increase to 2.75% and anticipated a similar increase in May to fight inflation even as the economy struggles during the pandemic.

• Thursday, December 10th 2020 - 09:11 UTC

  Brazil central bank keeps interest rate at record low 2%, but admits scenario of inflation expectations

  

  Brazil’s central bank kept its key interest rate at a record low 2.00% on Wednesday, as expected, but gave the first sign it could soon drop its pledge to keep rates lower for longer as inflation expectations converge toward target.

• Thursday, September 17th 2020 - 09:29 UTC

  Brazil keeps key interest rate at record low 2%; anticipates “forward guidance” instead of further cuts

  

  Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, pledging to stimulate the coronavirus-hit economy with “forward guidance” rather than more rate cuts because of the risk to financial market stability that they could pose.

• Thursday, March 19th 2020 - 08:25 UTC

  Brazil central bank cuts benchmark rate 50 points to a record low of 3.75%

  

  Brazil’s central bank on Wednesday cut its benchmark interest rate by 50 basis points to a record-low 3.75% to cushion the economic blow of the coronavirus pandemic but signaled no rush to cut again and emphasized the need for more economic reforms.

• Thursday, October 31st 2019 - 09:49 UTC

  Brazil cuts benchmark interest rate to an all time low of 5%; inflation running below target

  

  Brazil's central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.

• Thursday, June 20th 2019 - 08:50 UTC

  Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

  

  Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.

• Thursday, February 7th 2019 - 10:29 UTC

  Brazil central bank leaves interest rates at record low 6.5%

  

  Brazil’s central bank left interest rates at a record low on Wednesday as expected, and signaled it is in no rush to change them even though inflationary pressures have cooled. The bank’s nine-member monetary policy committee, Copom, voted unanimously to keep the benchmark Selic rate at 6.5% for the seventh straight meeting.

• Thursday, December 13th 2018 - 06:57 UTC

  Brazilian central bank keeps interest rates at an all time low

  

  The Brazilian central bank on Wednesday held interest rates at an all-time low, as widely expected, and hinted that it will hold off from raising them for longer than expected. The bank’s nine-member monetary policy committee, Copom, kept the benchmark Selic rate at 6.50 percent for a sixth straight meeting.

• Thursday, April 13th 2017 - 07:30 UTC

  Brazil central bank slashes money cost; estimates Selic rate at 8.5% by end of the year

  

  Brazil's Central Bank cut the key interest rate by a full one percentage point on Wednesday in an effort to inject life into the floundering economy. This was the fifth straight cut, taking the key Selic rate to 11.25%.