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By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Financial institutions in Brazil have increased their forecast for the country’s inflation (IPCA) this year, from 4.11 percent to 4.15 percent, according to the latest Focus Bulletin, released by...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Despite the continuing low inflation rate, the recent strong devaluation of the Brazilian currency and decreasing economic activity, Brazil’s Monetary Policy Committee (COPOM) surprised the market and announced on...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – After several days of widespread rumors, Brazil’s Central Bank stated last week that bills stamped with the image of former President Luiz Inacio Lula da Silva and the words...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank (BC) announced on Wednesday it was lowering the country’s benchmark interest rate (Selic) for the eleventh consecutive time, by 0.25 percentage point, from 7 percent to 6.75...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Due to the risks associated with cyber transactions, crypto-currencies such as the popular Bitcoin, will not be accepted as a financial asset by investment funds, Brazil’s Securities and Exchange Commission...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank (BC) lowered the country’s benchmark interest rate (SELIC) on Wednesday by 0.5 percentage points, to seven percent per year, the lowest level since 1986. This is the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank lowered the country’s benchmark interest rate (SELIC) for the ninth consecutive time on Wednesday. The Monetary Policy Committee (COPOM) decided unanimously to lower the SELIC by 0.75...
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...
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