Tag: Copom

• Thursday, April 3rd 2014 - 07:21 UTC

  Brazil central bank raises benchmark Selic rate to 11%

  

  Brazil's central bank raised its benchmark Selic rate to 11% from 10.75% on Wednesday, prolonging its tightening cycle after a surge in food prices that has stoked already high inflation in an election year. The bank's decision was unanimous and left the door open for possible further rate hikes.

• Thursday, February 27th 2014 - 04:41 UTC

  Brazil raises basic interest to 10,75%; same rate as when Rousseff took office

  

  Brazil's central bank raised its benchmark interest rate Wednesday to 10.75% from 10.5%, and left the door open for more rate increases while slowing the pace of the hikes. The move continues the bank's yearlong fight against inflation even as rising interest rates and the poor performance of the country's exporters jeopardize already feeble growth in an election year.

• Thursday, January 16th 2014 - 09:17 UTC

  Brazil raised the benchmark rate to 10.5%: combating inflation the target

  

  Brazil's central bank raised its benchmark interest rate on Wednesday to 10.50% from 10%, a larger-than-expected hike aimed at curbing inflation in spite of a weak economy. The decision by the bank's monetary policy committee, Copom, was unanimous.

• Thursday, November 28th 2013 - 11:45 UTC

  Brazil determined to fight inflation raised its benchmark interest rate to 10%

  

  As was anticipated Brazil raised its benchmark interest rate to 10% from 9.5% on Wednesday lifting borrowing costs back to double-digit territory to battle high inflation in Latin America's largest economy.

• Monday, February 18th 2013 - 06:18 UTC

  Mantega anticipates higher interest rate to help keep inflation under control

  

  Brazil’s Finance minister Guido Mantega in Moscow for the G-20 meeting, said that inflation above the government's target raises a yellow flag and that monetary policy, not the exchange rate, is the right tool to control prices.

• Thursday, November 29th 2012 - 14:00 UTC

  Brazil ends cuts and keeps key interest rate unchanged at 7.25%

  

  Brazil's central bank kept its key interest rate unchanged at 7.25% on Wednesday, ending a series of cuts since last year, as the world's sixth largest economy tries to contain inflation.

• Thursday, October 11th 2012 - 04:41 UTC

  In divided decision Brazil central bank cuts basic rate another 25 points to 7.25%

  

  Brazil's central bank on Wednesday slashed its interest rate for the 10th time since August last year, to a record low of 7.25%, in a bid to stimulate the sluggish economy.

• Thursday, August 30th 2012 - 04:32 UTC

  Brazil cuts benchmark rate for ninth time running to an all time low of 7.5%

  

  Brazil’s central bank cut the benchmark interest rate for the ninth straight time on Wednesday to an all-time low of 7.5%, as policymakers keep up efforts to bolster a slow-moving economy which is the world's sixth-largest.

• Thursday, July 12th 2012 - 07:27 UTC

  Brazil lowers benchmark rate for eighth straight time to 8%

  

  Brazil’s central bank cut its benchmark interest rate for the eighth straight time and signaled it will continue to lower borrowing costs, as spillover from a global economic slowdown limits inflation risks.

• Thursday, March 10th 2011 - 20:16 UTC

  Brazilian markets expect further tightening to bring inflation to target

  

  Brazil's central bank said Thursday it remained cautious about the outlook for prices due to uncertainties in the global economy, and hinted that more than just interest rates may be needed to bring inflation back into line with targets.