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Tag: interest rates

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s new Central Bank (CB) President, Roberto Campos Neto vowed to keep inflation at controlled levels and promote the democratization of the financial system. Campos Neto also defended a...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Caixa Econômica Federal, the second largest government-owned financial institution in Latin America, announced yesterday (April 11th) the reduction of interest rates on credit cards, which now ranges from 8 to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian Central Bank’s Monetary Policy Committee (COPOM) announced on Wednesday evening it was lowering its benchmark interest rate (Selic) by 0.75 percentage points, to 12.25 percent, the lowest level...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank of Brazil’s Monetary Policy Committee (COPOM) announced on Wednesday evening it was lowering its benchmark interest rate (Selic) by 0.75 percentage points. The Selic now stands at...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – For the first time in four years, Brazil's Central Bank Monetary Policy Committee (Copom) reduced the country’s benchmark interest rate (Selic). The reduction of 0.25 percentage points to fourteen percent...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Conselho Deliberativo do Fundo de Amparo ao Trabalhador (CODEFAT, Deliberative Council of the Worker Support Fund) approved yesterday (May 9th) the creation of a $5 billion line of credit...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The retail sales in Rio de Janeiro fell 6.1 percent in March this year, compared to March 2015, according to the Sales Thermometer released yesterday (April 26th) by Centro de...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Many foreign investors are looking at Brazil as an interesting option again, between the high interest rates and weaker currency. After reaching an all time high for direct foreign...
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Analysts of the Brazilian economy have changed their forecast for 2016 for the first time to negative, assuming a contraction in GDP for the second year in a row....

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