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Tag: Central Bank Brazil

RIO DE JANEIRO, BRAZIL - A dispute among Brazil's largest banks could be the first judicial "trial by fire" of PIX, the Central Bank's (BC) new instant payment system. Case documents, released by the Cointelegraph website, show that in November...
RIO DE JANEIRO, BRAZIL - Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday, January 18th. According to...
RIO DE JANEIRO, BRAZIL - With a 1.35% rise in December, largely driven by higher electricity bills, the Broad Consumer Price Index (IPCA), the country's official inflation indicator, closed 2020 up 4.52%, the highest since 2016. The result, announced this...
RIO DE JANEIRO, BRAZIL - The Brazilian stock market was turbulent up to the last trading session in 2020. After beating the historical intraday record of 120,149 points, the IBOVESPA lost ground and began to swing between losses and...
RIO DE JANEIRO, BRAZIL - Brazilian banks with investments abroad are experiencing a race for dollars this year. Institutions with branches abroad will spend some US$30 billion to settle exchange protection contracts by 2022. This event should impact the dollar's...
RIO DE JANEIRO, BRAZIL - Brazil's economy grew 0.86 percent in October compared to September, marking the sixth consecutive month of growth, but the lowest result since May, indicating an economic slowdown, the Central Bank of Brazil said on...
RIO DE JANEIRO, BRAZIL - Brazil’s Central Bank kept its key interest rate SELIC at a record-low 2.00% on Wednesday, as expected, but gave the first sign that it could soon remove its “forward guidance” pledge to keep rates...
RIO DE JANEIRO, BRAZIL - Brazil's private-sector financial analysts are forecasting a smaller contraction in economic growth in 2020 than previously projected, from a drop of 4.66 percent to 4.55 percent in gross domestic product (GDP), the Central Bank...
RIO DE JANEIRO, BRAZIL - WhatsApp, the messaging service of Facebook Inc, will soon enter the Brazilian market providing peer-to-peer (P2P) payment services, central bank president Roberto Campos Neto said on Monday, November 16th. In a press conference marking the...

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