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Tag: Brazilian Central Bank

RIO DE JANEIRO, BRAZIL - After years without substantially changing the amount of gold in its international asset reserves, the Brazilian Central Bank headed by Roberto Campos Neto bought 41.8 tons of the metal in June. With this, the volume...
RIO DE JANEIRO, BRAZIL - The request to postpone the second phase of Open Banking came from members of the Convention to identify problems in the ratification of some procedures. The group comprises representatives of banks and fintechs and...
RIO DE JANEIRO, BRAZIL - The Central Bank's Financial and Technological Innovations Laboratory (LIFT) has announced the newest startups selected for the LIFT Lab, a collaborative environment for developing projects. The selected projects cover 11 areas, such as open banking...
RIO DE JANEIRO, BRAZIL - The financial institutions consulted by the Central Bank (BC) have again raised the forecast for the growth of the Brazilian economy this year, from 5.05% to 5.18%. For 2022, the expectation for the gross domestic...
RIO DE JANEIRO, BRAZIL - In order to pay for a purchase via the new and extremely successful instant payment PIX system at a pharmacy, for example, your cell phone needs an Internet connection. But the Central Bank is...
RIO DE JANEIRO, BRAZIL - The Minister says that corporate income tax will drop 5 percentage points, and that Bolsonaro's reelection will increase this reduction. Economy Minister Paulo Guedes said at a meeting with São Paulo industrialists on Wednesday, June...
RIO DE JANEIRO, BRAZIL - The Selic may rise to 7% in 2021, Bank of America (BofA) estimates in a report sent to clients on Tuesday, June 22. David Beker and Ana Madeira, signers of the document, believe that...
RIO DE JANEIRO, BRAZIL - Brazil’s Central Bank delivered its third consecutive benchmark interest rate increase of 75 basis points on Wednesday and raised the specter of larger hikes ahead, as it returns to “neutral” rates, dropping plans for...
RIO DE JANEIRO, BRAZIL - The Focus Market Report, released by the Central Bank on Monday, June 7, showed the maintenance of the scenario for the U.S. currency in 2021. The median of forecasts for the exchange rate at...

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