Tag: Selic rate

• 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, 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, 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.

• Saturday, September 23rd 2017 - 10:01 UTC

  Brazilian central bank optimistic about next year; growth 2,2% and inflation 4.3%

  

  Brazil’s central bank trimmed its inflation forecast on Thursday and said it expected economic growth to pick up into next year, painting a rosier picture for Latin America’s largest economy as interest rates approach record lows.

• Wednesday, May 31st 2017 - 22:06 UTC

  Brazil cuts Selic rate to 10.25%, lowest since December 2013: slowing inflation and gradual recovery

  

  The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 10.25 percent on Wednesday May 31st of 2017, as widely anticipated. It is the sixth straight rate decline, bringing borrowing costs to the lowest since December of 2013 amid slowing inflation and a gradual recovery.

• 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%.

• Monday, April 10th 2017 - 05:58 UTC

  Brazil's annual inflation drops to the lowest rate since 2010

  

  Brazil's annual inflation eased to the lowest rate since 2010 and came very close to the government's long-missed target, leaving the door open for the central bank to accelerate the pace of interest rate cuts next week.

• 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.