Tag: interest rates

The Central Bank's Monetary Policy Committee (Copom) announced on Wednesday a 0.5 percentage point increase in the prime rate, the Selic, from 13.25% to 13.75% per annum. The market expected this increase. In a communiqué issued after the June meeting,...
A sizeable fiscal imbalance has led Argentina into a new economic crisis, with a sharp loss of purchasing power for the population and a devaluation of the Argentine peso. In 2019, R$1 paid 14.9 pesos. Now it is equivalent to...
RIO DE JANEIRO, BRAZIL - The Central Bank (BC) said Tuesday that the key interest rate, the Selic, will remain in the "significantly contractionary" range for a more extended period than previously expected. The information was published in the...
RIO DE JANEIRO, BRAZIL - Chilean swaps expect a rate cut in December, and the latest survey of financial players published by the central bank confirms this assessment. Borrowing costs are expected to peak between 9.25% and 9.5% in...
RIO DE JANEIRO, BRAZIL - Brazil's central bank raised its benchmark interest rate by a whole percentage point for the second straight day, extending one of the world's most aggressive tightening cycles since the pandemic. As expected by all economists...
RIO DE JANEIRO, BRAZIL - The number of judicial reorganization requests for companies in the second year of the novel coronavirus pandemic fell by 24.4% nationwide compared to 2020, the first year of the disease and when there was...
RIO DE JANEIRO, BRAZIL - The Central Reserve Bank of Peru (BCRP) raised the benchmark interest rate by 50 basis points to 3% this Thursday. With this new increase, the interest rate has risen by 275 basis points in the...
RIO DE JANEIRO, BRAZIL - This year, the Central Bank of Brazil has initiated a cycle of rate hikes to bring them to a current level of 7.75% before the next monetary policy decision, which will happen this Wednesday...
RIO DE JANEIRO, BRAZIL - Brazil once again is the country with the highest real interest rate worldwide, according to a ranking compiled by MoneYou and Infinity Asset Management. The country was in the second position on the list, but...

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