US EditionBrazil Central Bank Raises Rates, Sees “Very Prolonged” Pause
12 Articles
12 Articles
Brazil central bank raises benchmark interest rate to 15%
BRASILIA, Brazil — Brazil’s central bank on Wednesday raised its benchmark interest rate by 0.25 points to 15 percent. This is its seventh straight hike in nine months of trying to curb inflation. The rate, known as the Selic, is at its highest level since 2006. It is one of the highest in the world. The unanimous decision by the bank’s monetary policy committee to further increase the rate caught markets off guard. Many analysts had said they e…
Brazil Central Bank Raises Rates, Sees 'Very Prolonged' Pause
Brazil central bank raises rates, sees “very prolonged” pause
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank raised interest rates by 25 basis points on Wednesday and signaled it will keep borrowing costs steady for an extended period, defying expectations that it had already reached the end of its tightening cycle. The bank’s rate-setting committee, known as Copom, decided unanimously to lift the benchmark Selic rate to 15%, the highest since July 2006, marking a seventh consecutive hike as un…
Recruitment The elevation of Selic for 15% was confirmed by the Central Bank's Committee on Monetary Policy (COPOM) on this Thursday (18). The rate rose 0.25 percentage points and reached the highest level since 2006. The decision was unanimously taken between the President of the Central Bank, Gabriel Galípolo, and the eight directors who integrate the committee. In the official communication, Copomo indicated that the increases should be inter…
Despite the recent decline in inflation, uncertainty about the economy caused the Central Bank (BC) to raise interest rates. Unanimityally, the Committee on Monetary Policy (COPOM) increased the basic rate of the economy by 0.25 percentage points per year. Although there were divisions, the decision surprised part of the financial market, which expected maintenance at 14.75% per year. In the communication, the Copom reported that it should keep …
The Committee on Monetary Policy (COPOM) of the Central Bank announced, at the beginning of the night of this quarter, 18 the decision to raise — once again — the Selic, the country's basic interest rate. Now, the index will be 15% per year, the largest rate since 2006. The decision of this quarter marks the seventh consecutive increase of Selic. The increase of this time was 0.25 percentage points. In official communication, the Central Bank re…
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