Brazil’s Central Bank Mulls Cutting Monetary Stimulus
The Monetary Policy Committee (Copom) of the Central Bank of Brazil revealed on Tuesday, January 27th, that it has begun...
January 28, 2021Topic
Central Bank Brazil
Central Bank: 2020 Foreign Investment in Brazil US$34.1 Billion, Down 50.6% from 2019als Says
Foreign direct investments in the Brazilian economy totaled US$34.167 billion in 2020, down 50.6% from 2019, the Central Bank reported...
January 28, 2021
Itaú Made R$1 Million Duplicate Transfers Using PIX, Sues Banks to Recover Funds
A dispute among Brazil's largest banks could be the PIX's first judicial "trial by fire", the Central Bank's (BC) new...
January 21, 2021
Brazilian Economy Growth Forecast 3.45% for 2021; Inflation within 3.75% Target Margin
Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection...
January 19, 2021
Brazil Inflation Hits 4.52% in 2020, Highest Since 2016
With a 1.35% rise in December, largely driven by a higher electricity bill, the Broad Consumer Price Index (IPCA), the...
January 12, 2021
Brazilian Banks Must Purchase Some US$30 Billion in Foreign Currency by Year-end
Brazilian banks with investments abroad are experiencing a race for dollars this year. Institutions with branches abroad will spend some...
December 26, 2020
Brazil’s Economy Grows 0.86% in October; Lowest Result Since May
Brazil's economy grew 0.86 percent in October compared to September, marking the sixth consecutive month of growth, but the lowest...
December 15, 2020
Brazil Central Bank Holds SELIC Rate at Record Low 2.00%, Eyes Possible Rise
Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, as expected, but gave the first...
December 9, 2020
Brazil’s Financial Market Forecasts Smaller GDP Drop in 2020
Brazil's private-sector financial analysts are forecasting a smaller contraction in economic growth in 2020 than previously projected, from a drop...
November 23, 2020