Tag: SELIC

• Thursday, October 28th 2021 - 09:55 UTC

  Brazil's Central Bank increases Selic rate above expectations

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.

• Thursday, September 23rd 2021 - 09:01 UTC

  Brazil increases Selic interest rate to 6,25%, the highest in two years

  

  As expected the Brazilian central bank on Wednesday increased a whole percentage point of its basic Selic interest rate to 6,25%, the fifth in a row and the highest in two years. The Monetary Policy Committee, Copon unanimously voted for the increase in an attempt to contain inflation.

• Friday, January 22nd 2021 - 08:32 UTC

  Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

  

  The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.

• Tuesday, January 19th 2021 - 08:29 UTC

  Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

  

  Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.

• Thursday, August 6th 2020 - 09:19 UTC

  Brazil's central bank cuts Selic lending rate to a record low of 2%

  

  Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.

• Sunday, June 7th 2020 - 09:18 UTC

  Brazilian Real rebounding strongly after months of erosion; central bank forecasted to further cut Selic rate

  

  The Brazilian Real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the Real gaining momentum.

• Tuesday, August 6th 2019 - 09:33 UTC

  Economists forecast further interest rate cuts by Brazil's central bank

  

  Economists lowered their forecasts for where Brazil’s benchmark Selic interest rate will be at the end of 2019, a weekly central bank survey showed on Monday, after policymakers cut rates more aggressively than most expected to a record low last week.

• Wednesday, February 13th 2019 - 09:41 UTC

  Stable low inflation and expansion forecasted by Brazilian financial market

  

  Brazil's financial market has cut its forecast of the country's inflation rate from 3.94 to 3.87 percent for 2019 and kept the rate at 4% for 2020, the Central Bank of Brazil reported. According to the Focus survey conducted by the bank among Brazil's main financial institutions, the forecasts are within the official target of 4.25 percent, with a tolerance margin between 2.75 percent and 5.75 percent.

• Tuesday, August 8th 2017 - 20:00 UTC

  Brazilian economy on course to a modest growth (2%) next year

  

  Brazilian Central Bank President Ilan Goldfajn said that Latin America's largest economy remains weak though it is on course to show modest growth next year. In an interview with a São Paulo radio station, he said Brazil may achieve growth of 2% in 2018 if the economy continues expanding at its current pace.

• Thursday, December 1st 2016 - 14:00 UTC

  ºBrazil central bank lowers Selic rate to 13.75%; warns about global uncertainty

  

  Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter. The central bank lowered the benchmark Selic rate by a quarter of a percentage point, to 13.75% -- still one of the world's highest.