Tag: Roberto Campos Neto

• Wednesday, July 17th 2024 - 09:16 UTC

  Brazil: inflation down in June, but also economic growth; Lula waiting to remove Central Bank chair in December

  

  Inflation in Brazil measured by the IPCA was 0,21% in June, which is positive. Still, the twelve month figure was 4,23% against 3,93% in May according to the Brazilian Institute of Geography and Stats, IBGE.

• Tuesday, March 5th 2024 - 10:41 UTC

  Brazil: Services sector driving prices upward, BCB President warns

  

  Brazil's Central Bank (BCB) President Roberto Campos Neto said on Monday that inflation in South America's largest country was taking a turn in a “benign” direction, Agencia Brasil reported. In his view, the services sector requires the most attention because it has “started to put a bit of pressure” on prices.

• Sunday, December 11th 2022 - 08:30 UTC

  Brazilian central bank keeps Selic rate at 13,75%; anticipates hawkish approach to combat future inflation

  

  The Brazilian central bank maintained the benchmark Selic at 13.75% for a third consecutive meeting this week, as expected by all analysts. It was the last rate meeting before Lula da Silva assumes the country’s presidency on January first.

• Tuesday, June 28th 2022 - 09:31 UTC

  BCB head says worst part of inflation in Brazil is over

  

  Brazil's Central Bank (BCB) CEO Roberto Campos Neto said Monday that the worst part of inflation in his country was over, after the proper tools to curb the process had been taken.

• Friday, June 24th 2022 - 00:20 UTC

  Brazil: Inflation and GDP projections up from March figures

  

  Brazil's Central Bank (BCB) Thursday announced it projected a 1.7% increase in the country's Gross Domestic Product (GDP) by the end of 2022, thus improving a previous forecast released in March, which mentioned merely 1%.

• Friday, May 6th 2022 - 09:18 UTC

  Brazil hikes interest rate to its highest in five years, 12,75%, to fight double digit inflation

  

  As anticipated Brazil's central bank, in a unanimous decision, raised interest rates by 1% to 12,75%, the highest in five years, to contain double digit inflation. However policymakers suggested their tenth straight rate increase would not be the last in what has been one of the world’s most aggressive ongoing rate hike cycles.

• Friday, April 1st 2022 - 22:16 UTC

  Brazil's Central Bank workers go on indefinite strike

  

  Employees of Brazil’s Central Bank (BCB) Friday went on strike to demand better wages. The workers have announced that their measure will continue until an answer has been achieved. The new circumstances affect local payments and other services, it was reported.

• Wednesday, October 13th 2021 - 15:16 UTC

  Double digit inflation in Brazil spiked by increasing fuel and food costs

  

  Brazilian market analysts raised their forecasts for inflation and the Selic key interest rate for 2022 as increasing fuel and food costs plus resurgent demand for services are spiking prices as the pandemic seems to be coming to an end.

• Monday, April 19th 2021 - 21:41 UTC

  Brazil's GDP on track to better results than expected

  

  Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.

• Wednesday, March 3rd 2021 - 08:40 UTC

  Brazil's currency losing ground: central bank chief says it is not justified by economic fundamentals

  

  With public finances threatened, Brazil’s Real has suffered as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.