Tag: SELIC

• Thursday, July 19th 2012 - 23:35 UTC

  Further ‘parsimonious’ monetary-easing anticipated from Brazilian central bank

  

  Brazil’s central bank reiterated that inflation will continue to slow toward its target, signalling it will further reduce interest rates that have already been cut to a record.

• 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.

• Friday, July 6th 2012 - 01:48 UTC

  Brazil’s use of installed industrial capacity falls for a fourth consecutive month

  

  Brazil's use of installed industrial capacity fell for a fourth consecutive month in May, alongside a decline in industrial sales during the period, Brazil's National Confederation of Industries, or CNI, said Thursday.

• Thursday, May 31st 2012 - 05:46 UTC

  Brazil cuts interest rate for the seventh time to a record low of 8.50%

  

  Brazil's central bank cut interest rates on Wednesday for the seventh straight time to a record low 8.50%, moving into uncharted territory in a bid to shield a fragile recovery from a gloomy global outlook.

• Monday, May 14th 2012 - 05:38 UTC

  “Interest rate has been falling not to please Dilma”, says Brazil Central bank chief

  

  The central bank remains independent and the current interest-rate cutting cycle is driven by specific economic factors, not pressure from President Dilma Rousseff, Brazil’s central bank President Alexandre Tombini said in an interview in the Sunday edition of O Estado de S. Paulo.

• Friday, May 4th 2012 - 17:26 UTC

  Brazil applies radical changes to deposits policy to further cut basic interest rates

  

  Brazil will cut returns on new deposits to savings accounts, thereby paving the way for the central bank to further cut its benchmark lending rate, Finance Minister Guido Mantega announced.

• Thursday, May 3rd 2012 - 07:19 UTC

  Brazil working on package to further lower interest rates without scaring savers

  

  Brazilian President Dilma Rousseff plans to unveil changes to rules related to savings accounts on Thursday, government sources said, a key move to pave the way for lower interest rates in Latin America's largest economy.

• Tuesday, January 3rd 2012 - 03:18 UTC

  Rousseff promises “to protect” Brazil’s economy, domestic market and jobs

  

  Brazil is moving into an ‘era of prosperity’ characterized by ‘income distribution and a notorious drop in inequalities” said President Dilma Rousseff in her first 2012 radio edition of ‘Enjoying coffee with the President’, where she also dared to use the word ‘protection’ in reference to jobs and the domestic market.

• Friday, December 2nd 2011 - 00:04 UTC

  Brazil announces measures to stimulate economy and domestic consumption

  

  Brazil's Finance Minister Guido Mantega announced Thursday a package of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations as a consequence of the Euro situation.

• Wednesday, November 30th 2011 - 23:08 UTC

  Brazil cuts basic rate by half a point to 11% and says inflation converging to target

  

  Brazil’s central bank cut borrowing costs by half a point for a third straight meeting as a global economic slowdown threatens with a slump in domestic demand. The bank’s board voted on Wednesday unanimously to reduce the benchmark Selic rate to 11% from 11.5%, as had been anticipated by markets.