Tag: SELIC

• Tuesday, August 20th 2013 - 23:35 UTC

  The sliding Brazilian currency has depreciated 18% in the last twelve months

  

  The Brazilian currency Real, which is the region’s reference, is undergoing one of its major depreciations against the US dollar in the last four years because of the poor performance of its economy and the tendency is to continue, at least in the short term, given the uncertainty about US monetary policy.

• Wednesday, May 8th 2013 - 16:57 UTC

  Brazilian inflation during April just managed to keep to the government’s target

  

  Inflation in Brazil during April climbed 0.55% over March (0.47%) and accumulated 6.49% in the last twelve months which is just below the government’s upper limit target of 4.5% to 6.5%, according to the latest release from the country’s Geography and Statistics National Institute, IBGE.

• Thursday, April 18th 2013 - 16:51 UTC

  Brazil increases benchmark rate to fight inflation, but markets feel it’s not enough

  

  Brazil’s central bank on Wednesday raised its benchmark rate for the first time since July 2011 as policy makers seek to slow inflation levels. The bank’s board, led by President Alexandre Tombini, voted 6-to-2 to increase the Selic rate 25 basis points to 7.50% from a record low.

• Thursday, April 4th 2013 - 07:45 UTC

  Brazil central bank admits difficulties in taming stubbornly high inflation

  

  Brazil’s Central Bank will keep a close eye on the economy to see if there is a need for any action to tame stubbornly high inflation, the bank's chief Alexandre Tombini said in a presentation to the Senate's economic affairs committee

• Thursday, March 7th 2013 - 06:39 UTC

  Brazil basic rate unchanged at record low 7.25%, but inflation could reverse policy

  

  Brazil’s central bank on Wednesday kept its benchmark rate at a record low 7.25% for the third straight meeting as policy makers seek to prop the anaemic economy which last year only advanced 0.9%.

• Saturday, December 29th 2012 - 06:19 UTC

  Brazil central bank injects more liquidity by lowering reserve requirements

  

  Brazil's central bank announced it would cut reserve requirements on demand deposits under specific conditions to free up around 15 billion Reais (7.3 billion dollars) for lending in a move aimed at boosting investment in the stagnating economy.

• 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.

• Friday, October 5th 2012 - 22:55 UTC

  Brazil September inflation higher on food prices, but bank could further cut Selic rate

  

  September inflation in Brazil was up 0.57% on higher food prices according to the latest release from the country’s stats office, IBGE. This was the highest rate since last April (0.64%) and the steepest for September since 2003, (0.78%).

• 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.

• Saturday, August 18th 2012 - 05:57 UTC

  Central bank announces first signs of Brazilian economy recovery

  

  Brazil's economy enjoys sound fundamentals for sustainable growth, with an economic expansion likely to pick up speed in the next few quarters, Central Bank President Alexandre Tombini said at a business conference Friday.