Search

One of them, the leftist Workers' Party that's the largest in the lower house, expects Rossi to block the central bank bill if elected. Plinio Valerio, a centrist senator who is the author of the central bank autonomy bill, regretted that the outgoing speaker didn't fulfill his promise to put the bill to a vote before the end of 2020. [Extracted from the article]

(Bloomberg) -- Brazil's central bank signaled it may be unable to fulfill its pledge to keep interest rates at a record low for long due to rising inflation expectations. A central bank inflation forecast considering constant interest and exchange rates shows consumer prices below target next year but well above its goal in 2022. [Extracted from the article]

(Bloomberg) -- Brazil's central bank signaled it may be unable to fulfill its pledge to keep interest rates at a record low for long due to rising inflation expectations. A central bank inflation forecast considering constant interest and exchange rates shows consumer prices below target next year but well above its goal in 2022. [Extracted from the article]

(Bloomberg) -- Consumer prices in Latin America's two largest economies diverged in early November, complicating Brazil's plans to hold its benchmark interest rate at a record low while suddenly giving Mexico space to cut. Biding Time Analysts in a weekly Brazil central bank survey have raised their 2021 consumer price forecasts for five straight weeks, and there are signs that faster inflation has started to weigh on consumption. [Extracted from the article]

(Bloomberg) -- Consumer prices in Latin America's two largest economies diverged in early November, complicating Brazil's plans to hold its benchmark interest rate at a record low while suddenly giving Mexico space to cut. Biding Time Analysts in a weekly Brazil central bank survey have raised their 2021 consumer price forecasts for five straight weeks, and there are signs that faster inflation has started to weigh on consumption. [Extracted from the article]

(Bloomberg) -- Brazil's central bank is expected to cut its benchmark interest rate to an all-time low as Latin America's largest economy grapples with declines in activity and inflation forecasts due to the coronavirus. Central bank President Roberto Campos Neto is joining peers from Colombia to Mexico by pumping stimulus to blunt the shock from the pandemic. Inflation Forecasts The central bank has already shifted its focus to next year's inflation expectations, which are currently running below the 2021 target of 3.75%. [Extracted from the article]

(Bloomberg) -- Brazil's central bank is poised to cut its 2020 growth forecast as the new coronavirus outbreak hits demand from China and other export markets. The policy rate is already at a record low of 4.25%, and traders are betting that the central bank board led by President Roberto Campos Neto will implement more easing over the next months. [Extracted from the article]

"The central bank left the door wide open for new rate cuts, a door that had been temporarily closed in their last meeting", said Andre Perfeito, chief economist at Necton Investimentos. Read More: Fed Rate Cut Is Pressuring Brazil's Central Bank to Backtrack. [Extracted from the article]

(Bloomberg) -- Brazil's central bank said it's monitoring the impact of the coronavirus on the economy to determine future monetary policy actions, signaling it may further cut interest rates to protect Latin America's largest economy. Hours after the U.S. Federal Reserve cut interest rates in an emergency move, Brazilian policy makers suggested they will wait until their next monetary policy meeting on March 18 to decide whether to change the benchmark Selic rate, currently at an all-time low of 4.25%. [Extracted from the article]

(Bloomberg) -- Inflation surprised to the downside in Brazil and Mexico in January, but that isn't necessarily boosting bets of additional interest rate cuts in Latin America's two largest economies. In the past year, tame inflation in both Mexico and Brazil has allowed their central banks to take the lead in buttressing weak growth. [Extracted from the article]

(Bloomberg) -- Inflation surprised to the downside in Brazil and Mexico in January, but that isn't necessarily boosting bets of additional interest rate cuts in Latin America's two largest economies. Brazil's better-than-expected inflation data "doesn't prove the central bank wrong" in its decision to stop cutting rates, said Adriana Dupita, Latin America economist with Bloomberg Economics. [Extracted from the article]

"By the middle of this year the central bank is going to start looking more closely at 2021 inflation, which will be higher", said Luiz Fernando Figueiredo, founding partner at Maua Capital and a former central bank director. Read More: Brazil Central Bank Interest Rate Statement Side-by-Side. [Extracted from the article]

So far, the real's drop to a record low hasn't pushed up inflation estimates. "The central bank recognized that economic activity still needs support", Andre Perfeito, chief economist at Necton Investimentos, said before the rate decision. [Extracted from the article]

Brazil's industrial output recorded its second straight monthly decline in December as capital goods fell the most in a year and a half, giving the central bank more fodder to cut its benchmark interest rate this week. Brazil's industrial output is now 18% below the peak level registered in May 2011, according to a research note by Goldman Sachs chief Latin America economist, Alberto Ramos. [Extracted from the article]

(Bloomberg) -- Brazilian policy makers will intervene further if they need to normalize the foreign exchange market, central bank chief Roberto Campos Neto said. Campos Neto said at an event in Brasilia on Tuesday evening that the foreign exchange market was "dysfunctional" when the central bank decided to intervene and stressed that the bank's actions do not change the long-term trend of the currency. [Extracted from the article]

(Bloomberg) -- Brazil President Jair Bolsonaro said he'd like to see a stronger local currency against the U.S. dollar, as it currently hovers close to an all-time low. The currency drop comes at a crucial moment for Brazil's central bank, which has cut the benchmark interest rate to a record low of 5% to help boost lackluster economic growth. [Extracted from the article]

(Bloomberg) -- Brazil economists raised their 2020 growth forecasts for the second straight week and lowered their key rate estimate for next year to a record low as tame inflation allows the central bank to ease monetary policy. Analysts in the central bank survey kept their 2020 inflation forecasts steady at 3.60%. [Extracted from the article]

Brazil's central bank signaled it will stick with the current pace of monetary easing at its next meeting after lowering the key rate by a half point for the third straight time and forecasting inflation below target through 2021. The central bank's monetary policy committee "deems that the consolidation of the benign scenario for prospective inflation should permit an additional adjustment of the same magnitude", board members wrote. The central bank board reiterated that Brazil's economic recovery will occur at a gradual pace. [Extracted from the article]

The central bank's monetary policy committee "deems that the consolidation of the benign scenario for prospective inflation should permit an additional adjustment of the same magnitude", policy makers wrote in their post-meeting statement. "It was a combination of factors", Carlos Kawall, chief economist at Banco Safra and a top Selic forecaster in Bloomberg surveys, said before the rate decision. [Extracted from the article]

(Bloomberg) -- As the Brazilian real tumbles on prospects of more interest rate cuts, investors are wondering how much weaker the currency can get before it starts curtailing the monetary easing cycle. In August, when the real approached 4.20 per dollar, the central bank tempered bets of further depreciation by carrying out surprise currency interventions during trading hours. "The Brazilian real would bring discomfort only if it weakens beyond 4.40 per dollar, as inflation seems to remain on target even with a currency between 4.20 and 4.30", said Carlos Menezes, a Sao Paulo-based portfolio manager at Gauss Capital. [Extracted from the article]

(Bloomberg) -- Brazil's central bank used to have a favorite phrase it would plug into statements, warning that monetary policy should be conducted with "caution" and "serenity". The biggest one for Campos Neto is to jump-start Brazil's economy -- which only just avoided falling into recession last quarter -- without jeopardizing his predecessor's success in anchoring inflation expectations. [Extracted from the article]

(Bloomberg) -- Brazil cut its benchmark interest rate by half a percentage point amid a gloomy economic outlook, joining a wave of monetary easing worldwide, and signaled that a benign inflation outlook should allow for further easing. "They could have cut borrowing costs before if it weren't for the pension reform risk", Carlos Kawall, chief economist at Banco Safra and one of the most accurate Selic forecasters in Bloomberg surveys, said before the rate decision. [Extracted from the article]

Brazil's central bank, led by Roberto Campos Neto, is poised to inject more stimulus into an economy that's flirting with recession and going through a prolonged period of below-target inflation. Investors will be looking closely at the central bank's latest inflation forecasts for 2020 and 2021 that incorporate exchange rate and borrowing cost estimates from its weekly economist survey. [Extracted from the article]

Brazil's central bank, led by Roberto Campos Neto, is poised to inject more stimulus into an economy that's flirting with recession and going through a prolonged period of below-target inflation. Investors will be looking closely at the central bank's latest inflation forecasts for 2020 and 2021 that incorporate exchange rate and borrowing cost estimates from its weekly economist survey. [Extracted from the article]

The article offers information on the role of women in deciding the monetary policy of a nation. Topics discussed include appointment of the Fernanda Nechio, female director at the central bank; discussions on the increasing the number of women at the Federal Reserve Bank of San Francisco; and the information on Janet Yellen as the first to to head the Federal Reserve Bank, while Christine Lagarde to head the European Central Bank.

The article talks about reducing the inflation target by the government of Brazil, aligning the goals with the emerging markets, the economic ministry and central bank agreeing to cut the target, adopting tighter monetary policy and boost investors confidence.

Brazil's central bank will back the creation of dollar-denominated accounts in the country as part of a push to modernize obsolete currency laws and cut red tape. Central bank President Roberto Campos Neto on Wednesday said revamping currency rules will be a main focus of the institution's legislative and regulatory agenda in coming years. [Extracted from the article]

Brazil held its benchmark interest rate at a record low and signaled that a period of weaker-than-expected growth is still insufficient for reduced borrowing costs. On the other hand, Brazil's 2019 growth outlook has dropped for 10 straight weeks, as sectors from retail to industrial production fail to pick up amid fading enthusiasm with Bolsonaro's administration. [Extracted from the article]

Brazil's central bank cut its 2019 economic growth forecasts and sees inflation under control, according to its quarterly inflation report published on Thursday. The central bank continues to see 2019 inflation at 3.9 percent, the same as it did in its previous report in December. [Extracted from the article]

Central bank decision expected by all 42 analysts in survey The bank board, led by its President Ilan Goldfajn, kept the Selic rate at 6.50 percent for a seventh straight meeting in a decision expected by all 42 economists in a Bloomberg survey. [Extracted from the article]

Traders pricing in bias toward Brazil key rate cut this year The chances are so good that when Campos Neto attended an event in Rio de Janeiro last month, several former central bank chiefs joked how it was going to be smooth sailing for him and how he was lucky. [Extracted from the article]

Central bank decision expected by all 39 economists in survey Just last week a key price gauge showed Brazil recorded deflation in November -- at a rate three times faster than forecast by economists. [Extracted from the article]

Brazil kept its key rate at an all-time low amid a recent currency appreciation and signaled an interest rate hike may be less imminent than six weeks ago. Annual inflation in September surpassed the midpoint of the central bank's target for the first time in 18 months and market inflation forecasts for this year and next have crept up since the last monetary policy meeting. [Extracted from the article]

Yet unlike central banks in Turkey or Russia that hiked interest rates following a selloff in emerging markets, Goldfajn has so far stood pat. During his tenure, Goldfajn has won investor praise for making central bank communication more transparent, taming inflation and taking the Selic to a record low from 14.25 percent. For the first time this year, the central bank included a question about the source of financial market turbulence in a survey it sends to analysts before each key rate decision. [Extracted from the article]

Brazil is next to face the turmoil that has rattled emerging markets and arm-twisted central bankers from India to Argentina into rate hikes. "Brazil has high credibility compared to other emerging market central banks", said Per Hammarlund, chief emerging-markets strategist at SEB in Stockholm. [Extracted from the article]

Brazil's central bank president defended the country's economic fundamentals, in a surprise press conference held at the end of another day of turmoil for the currency and stock index of Latin America's largest economy. Ilan Goldfajn told reporters in the nation's capital that Brazil's balance of payments was good, its $380 billion in reserves are ample and that inflation expectations are anchored. [Extracted from the article]

Central bank set to cut key rate to record of 7% on Wednesday With inflation well within the target range, idle capacity, and fewer price distortions, Goldfajn can bring the country's Selic rate to 7 percent, around half of the level just over a year ago. "For them to raise rates, you'd need a significant change in inflation expectations", said Tony Volpon, former central bank director and current chief economist at UBS Brasil CCTVM SA. [Extracted from the article]

Brazil lowered borrowing costs by 75 basis points, and signaled it will slow the pace of monetary easing further as inflation bottoms out and the economy gains steam. Following the rate decision, Finance Minister Henrique Meirelles told reporters after an event in Brasilia that Brazil's economic growth could be above 2.5 percent next year. [Extracted from the article]

Brazil's central bank chief is facing the tough reality that weaning the country's largest businesses off of multi-billion dollar subsidies is easier said than done. The TLP, as the new rate is called, aims to end the days when BNDES's subsidized lending flooded the market with cheap money, undercutting the effectiveness of monetary policy and often requiring additional benchmark rate hikes to soak up liquidity. [Extracted from the article]

Central bank lowers key rate by 100bps for third straight time Brazil's central bank kept up its aggressive pace of cuts to the country's key interest rate, citing a benign inflation outlook and limited fallout from political turmoil. Brazil's benchmark IPCA price index showed monthly deflation in June for the first time in over a decade as food prices plunged. [Extracted from the article]

Brazil's inflation projections allow for gradual and moderate interest rate cuts but indicate a limit to the extent of the easing cycle, the country's central bank said on Tuesday. Since then, consumer price increases in September were the lowest in two years, prompting analysts in the central bank's weekly survey to reduce their inflation estimates to 6.89 percent for 2016 and to 5 percent for 2017, still above the bank's 4.5 percent target. [Extracted from the article]

Brazil's central bank chief Ilan Goldfajn said on Tuesday that there is no timeline for easing monetary policy. Attribution Vivianne Rodrigues: editor responsible Walter Brandimarte: editor Mario Sergio Lima: by reporter Raymond Colitt: editor David Biller: assist. [Extracted from the article]

Central bank chief made 1st public speech since August meeting Attribution Vivianne Rodrigues: editor responsible Randall Woods: editor Charlie Devereux: assist Mario Sergio Lima: by reporter Raymond Colitt: editor. [Extracted from the article]

Policy makers kept key rate unchanged at 14.25% last week The central bank board, led by its president Ilan Goldfajn, said in the minutes to its August 30-31 meeting published Tuesday that no specific factor will be determinant by itself to alter monetary policy. Attribution Vivianne Rodrigues: editor responsible Randall Woods: editor Mario Sergio Lima: by reporter Julia Leite: editor Matthew Malinowski: by reporter. [Extracted from the article]

Brazil's central bank says it sees no room to cut its benchmark rate as inflation hasn't been slowing fast enough and market expectations for price increases remain above the 2017 target. Short-term swap rates rose while long-term rates fell as the minutes consolidated expectations that the central bank will delay the beginning of a much-anticipated monetary easing cycle. [Extracted from the article]

Full Senate approved four members of central bank board Brazil's Senate on Tuesday confirmed the nomination of four central bank board members, who pledged to slow inflation to the official target and uphold a floating exchange rate, while allowing for some room to intervene in the real. Attribution Vivianne Rodrigues: editor responsible Walter Brandimarte: editor Randall Woods: editor Mario Sergio Lima: by reporter Matthew Malinowski: assist. [Extracted from the article]