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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 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 federal government of Brazil announced on Thursday it posted the third largest primary surplus in history for month of January, last month. According to officials the central government registered...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The real estate market across Brazil has been cooling quickly as the country's economic indicators continue to contract, and it is being felt in Rio de Janeiro more than anywhere....
By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Industrial production fell by 0.6 percent in May registering the third consecutive negative result for the year, according to data from the IBGE (Brazilian Statistical Bureau). The accumulated retraction from January...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has an announced an aggressive program of budget cuts totaling R$55 billion for 2012. The aim is to allow inflation to fall and to...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian Central Bank’s Monetary Policy Committee (Copom), have started the new month by reducing Brazil’s basic interest rate, (known as the Selic), for the first time...
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