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Tag: interest rates

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian Central Bank’s Comitê de Política Monetária - COPOM (Monetary Policy Committee) decided unanimously on Wednesday, March 4th, to increase the country’s benchmark interest rate (Selic) by 0.5 percentage points...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In a surprising move Brazil’s Central Bank (CB) Copom (Monetary Policy Committee) increased the Selic (benchmark interest rate) by 25 basis points to 11.25 percent on Wednesday afternoon, taking the...
By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – According to a study by the International Monetary Fund (IMF), Brazil is expected to fall behind other emerging economies and end this year with a slower growth rate than the...
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...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Last week the Caixa Econômica Federal (Federal Savings Bank) announced lower interest rates on loans for those planning to buy properties valued at over R$500,000 in Brazil. The...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Banco do Brasil (Bank of Brazil, BB) announced yesterday that it would be reducing interest rates on personal and corporate loans. The new rates will take effect on Monday,...
By Howard Borsden, Financial Advisor RIO DE JANEIRO, BRAZIL – In recent years, the Brazilian government has used a bitter antidote to ease an inflation rate that has been for many years a burden to the country: high interest rates....
By Anna Fitzpatrick, Contributing Reporter SÃO PAULO, BRAZIL - Head of the Brazilian Central Bank Alexandre Tombini, indicated yesterday it will continue with its policy of gradually cutting interest rates, despite fears over inflation. The readjustment comes in light of the contraction...
By Ben Tavener, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil has been outperformed by the other three BRIC countries, figures for the second quarter of 2011 have revealed. From the traditional BRIC (Brazil, Russia, India, China) group of emerging...

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