Brazil's Federal Senate Tuesday greenlighted by 66 votes to 5 the appointment of Gabriel Galípolo as the next Central Bank (BCB) CEO to succeed Roberto Campos Neto, who stems from former President Jair Bolsonaro's administration and whose term ends Dec. 31.
Inflation in Brazil measured by the IPCA was 0,21% in June, which is positive. Still, the twelve month figure was 4,23% against 3,93% in May according to the Brazilian Institute of Geography and Stats, IBGE.
Brazil's Central Bank (BCB) President Roberto Campos Neto said on Monday that inflation in South America's largest country was taking a turn in a benign direction, Agencia Brasil reported. In his view, the services sector requires the most attention because it has started to put a bit of pressure on prices.
The Brazilian central bank maintained the benchmark Selic at 13.75% for a third consecutive meeting this week, as expected by all analysts. It was the last rate meeting before Lula da Silva assumes the country’s presidency on January first.
Brazil's Central Bank (BCB) CEO Roberto Campos Neto said Monday that the worst part of inflation in his country was over, after the proper tools to curb the process had been taken.
Brazil's Central Bank (BCB) Thursday announced it projected a 1.7% increase in the country's Gross Domestic Product (GDP) by the end of 2022, thus improving a previous forecast released in March, which mentioned merely 1%.
As anticipated Brazil's central bank, in a unanimous decision, raised interest rates by 1% to 12,75%, the highest in five years, to contain double digit inflation. However policymakers suggested their tenth straight rate increase would not be the last in what has been one of the world’s most aggressive ongoing rate hike cycles.
Employees of Brazil’s Central Bank (BCB) Friday went on strike to demand better wages. The workers have announced that their measure will continue until an answer has been achieved. The new circumstances affect local payments and other services, it was reported.
Brazilian market analysts raised their forecasts for inflation and the Selic key interest rate for 2022 as increasing fuel and food costs plus resurgent demand for services are spiking prices as the pandemic seems to be coming to an end.
Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.