Central Bank of Brazil’s Quarterly Report Continues Gloomy
The Brazilian authority was slightly more optimistic about the country’s growth, reducing the negative growth forecast for Brazil’s GDP this...
June 28, 2016Topic
Central Bank
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Inflation Forecasts in Brazil for 2016 Rise Once Again
Inflation estimates rise slightly, while end-of-year GDP results remain negative and benchmark interest rate continue high.
June 27, 2016
Brazil Maintains its Benchmark Interest Rate Unchanged
For the seventh consecutive meeting, the Monetary Policy Committee (COPOM) decided to leave the benchmark interest rate (Selic) unchanged at...
June 9, 2016
Brazil Announces New Central Bank President
Along appointing market friendly economist for Central Bank Meirelles announced that the government would seek formal technical autonomy for the...
May 17, 2016
Brazilian Tourists Spend 62 Percent Less Abroad in January
With the depreciating currency and new tax, foreign expenses by Brazilians traveling abroad decreased their spending by 62 percent.
February 24, 2016Savings Accounts in Brazil Register Record Withdrawals
Savings accounts in January registered the largest overall net monthly withdrawal since 1995.
February 5, 2016
U.S. Dollar Falls to Lowest Rate of Year in Brazil
The U.S. currency fell to its lowest rate in 2016 relation to the Brazilian real despite the prospect of another...
February 4, 2016
Brazil Registers Highest Primary Deficit Since 2001
The deficit in last year’s primary surplus of R$111.249 billion was affected by declining revenues from taxes and 'pedaladas'.
February 1, 2016
Economists Reduce Selic Interest Rate Forecast in Brazil for 2016
Financial institutions surveyed for the weekly Focus Report decreased their forecast for the benchmark interest rate from 15.25 percent to...
January 25, 2016