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Tag: Central Bank

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - The Gross Domestic Product (GDP) in Brazil will grow by 0.4 percent this year, according to forecasts by the Economic Commission for Latin America and the Caribbean (ECLAC). The United...
By Lise Alves, Senior Contributing Reporter SAO PAULO, BRAZIL - Brazil's Central Bank (BC) lowered the country's benchmark interest rates (Selic) for the seventh consecutive time on Wednesday, to 9.25 percentage points per year. With the one percentage point decrease...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank in Brazil carried out an order issued by federal judge Sergio Moro and froze of more than R$606,000 in assets from accounts belonging to former President Luiz...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As part of its fight against corruption, Brazil’s Central Bank (CB) announced on Wednesday (June 28th) it was reformulating its regulation for large cash bank withdrawals. The decision comes a...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The World Bank reduced its forecast for Brazil’s economic growth this year to 0.3 percent in its latest World Economic Outlook report, released on yesterday (Monday, June 5th). The entity’s...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank (CB) of Brazil lowered the country’s benchmark interest rate (SELIC) by one percentage point on Wednesday, to the lowest level since January of 2014. The decrease, expected...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The balance of payments in Brazil closed positive in April, with current accounts totaling US$1.153 billion, the best result for the month since 2007. For the country’s Central Bank (CB)...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The U.S. dollar surged by 7.9 percent against the Brazilian real, as the country’s main stock market plummeted 8.8 percent on Thursday with the aftermath of the secret recordings showing...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As predicted by economists, Brazil’s Central Bank lowered the country’s benchmark interest rate (SELIC) for the fifth consecutive time on Wednesday. The Bank’s Monetary Policy Committee (COPOM) decided unanimously to...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Central Bank (CB) of Brazil expects a larger deficit in foreign accounts this year. The estimate, released today (March 24th), of the negative balance of current transactions, which are...
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