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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - For the seventh consecutive meeting, the Brazilian Central Bank’s Monetary Policy Committee (COPOM) decided to leave the benchmark interest rate (Selic) unchanged at 14.25 percent per year. Due to...
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's benchmark interest rate, the Selic, has been increased for the seventh time in a row by the Central Bank's Monetary Policy Committee, COPOM. This time, another 0.5 percent...
By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL - Research from Banco Central (BC, or Central Bank of Brazil) shows that the projected growth of GDP has fallen, while forecasts for inflation rates has increased, indicating a persistent decline...
By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian Central Bank has raised interest rates to a two-year high in a bid to control growing inflation. The organ signaled to the country’s banks that it is ready...
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