Tag: SELIC

• Saturday, October 8th 2011 - 08:39 UTC

  Brazil’s inflation above target and at its highest annually since May 2005

  

  Annual inflation in Brazil hit a six-year high in September, government data showed on Friday. The benchmark IPCA consumer price index rose 7.31% in the 12 months through September -- above the official target range ceiling of 6.5% for the sixth straight month and the highest 12-month rate since May 2005.

• Tuesday, October 4th 2011 - 20:29 UTC

  JP Morgan Chase forecast slower growth and lower interest rates in Brazil

  

  JPMorgan Chase & Co. cut its forecast for Brazil’s economic growth and said it expects the central bank to cut interest rates more than it previously expected as global financial turmoil weighs on confidence in Latin America’s biggest economy.

• Saturday, October 1st 2011 - 05:54 UTC

  Brazilian president calls on Central bank for “a cycle of interest rate reductions”

  

  Brazilian President Dilma Rousseff made on Friday her strongest call yet for the central bank to continue cutting borrowing costs. At an event in Sao Paulo she said it was “inadmissible” for policy makers not to take into account the possibility of a recession and even a depression in the global economy.

• Monday, July 4th 2011 - 05:12 UTC

  Brazilian government continues to subsidize loans to big corporations

  

  Brazil's state development bank, BNDES, is lending to companies at the lowest rate relative to the country's benchmark in two years, undercutting President Dilma Rousseff's efforts to curb inflation, revealed the Sao Paulo financial press.

• Thursday, June 9th 2011 - 19:24 UTC

  Brazil hikes basic rate to 12.25% and further increases can be expected

  

  Brazil's central bank increased late Wednesday its benchmark interest rate for the fourth straight meeting after consumer prices exceeded the upper limit of its target range for the first time since 2005.

• Thursday, April 21st 2011 - 03:14 UTC

  Brazilian central bank raises benchmark rate 0.25 percentage points to 12%

  

  Brazil’s central bank raised its benchmark interest rates a quarter of a percentage point from 11.75% to 12%. The decision surprised the market since it was a smaller raise than two previous hikes of half a percentage point earlier this year.

• Saturday, April 2nd 2011 - 07:36 UTC

  Brazil’s February industrial production expands at fastest pace in eleven months

  

  Brazil’s industrial production rose at the fastest pace in 11 months in February. Output rose 1.9% from January and 6.9% from the same month a year earlier, the national statistics agency said.

• Thursday, March 10th 2011 - 20:16 UTC

  Brazilian markets expect further tightening to bring inflation to target

  

  Brazil's central bank said Thursday it remained cautious about the outlook for prices due to uncertainties in the global economy, and hinted that more than just interest rates may be needed to bring inflation back into line with targets.

• Friday, February 4th 2011 - 22:22 UTC

  Brazil’s industrial output fell in December for second month running

  

  Brazil’s industrial output unexpectedly fell for a second straight month in December. Output in December fell 0.7% from November after a 0.2% decline in the previous month, the national statistics agency IBGE said this week.

• Tuesday, November 23rd 2010 - 02:57 UTC

  Food costs pressure Brazilian consumer prices and interest rate expectations

  

  Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.