Brazil
BIS paper investigates factors behind birth and death of benchmarks
Working paper studies ‘benchmark tipping’, finding that although many government rates are being displaced by private benchmarks, China and Brazil may develop new government bond futures markets
Central bank independence key focus of Brazilian elections
With the central bank’s autonomy a hot topic in the build-up to this weekend’s presidential elections, specialists are divided on the benefits of greater independence
Brazil central bank director vows quick response to inflation
The monetary policy committee of the central bank will evaluate whether the interest rate needs to be raised to battle inflation, says director, and will act quickly if necessary
Bank rules and their impact on inequality
Banking regulation has a profound effect on levels of long-term financial inclusion around the world; US engaged in a failed ‘lottery ticket’ effort by the US to offer housing to the poor.
Brazilian MPC says inflation will converge to target within two years
Annual inflation in August was 6.5%, but the central bank believes it will reach the target of 4.5% in the ‘early quarters of 2016'
Brazil registers primary deficit for third consecutive month
Public sector primary deficit reaches 4.7 billion real ($2.10 billion) in July, making it more difficult to achieve annual fiscal target, notes central bank
Central Bank of Brazil yet to see effects of tightening cycle
Inflation 'still shows resistance', July minutes note; bank lowered reserve requirements for lenders last week in bid to inject additional liquidity into Brazilian economy
Central Bank of Brazil lowers bank reserve requirements in bid to boost liquidity
Reserves held against deposits cut in half as CBB hopes to inject $20 billion into economy; move ‘seems to be aimed squarely at getting economy going ahead of elections', says analyst
Brics nations launch development bank and reserve fund
Brazil, Russia, India, China and South Africa launch new institutions to fill the gaps left by the World Bank and IMF; Observers see challenges ahead
Tombini says inability to instil confidence ‘central explanation' for weak recovery
Central Bank of Brazil governor says ‘longer period of normalisation of monetary policy' a possibility; domestic inflation 'under control' and likely to remain ‘well behaved'
Brazil fails to realise Latam financial stability grouping
South American regional initiative to co-operate on financial stability appears to have gone nowhere since it was announced by Brazil in March this year
Tombini rejects ‘generalised vulnerability’ of EMs
Brazilian governor dismisses notion that exchange rate depreciation in wake of Fed taper is associated with an ‘inevitable, looming’ external payments crisis in emerging market economies
Brazil central bank gives banks time off for World Cup
Banks must work as usual during the World Cup, the central bank has said - but can take an extra hour off when the Brazil team is playing
Central Bank of Brazil raises Selic rate amid uptick in inflation
Central Bank of Brazil hikes rate by 25bp to 11% following upward revision of inflation for 2014; analysts predict an end to year-long tightening cycle
Brazil minutes highlight inflation 'resistance' concern
Central Bank of Brazil remains concerned about 'resistance' of inflation despite more than 400bp of rate rises, latest minutes show
Central Bank of Brazil hike 'signals end' to year-long tightening cycle
Central bank raises benchmark Selic rate by 25 basis points to 10.75% in move that analysts say means a lower peak is probable
Tombini says Brazil is ready for ‘welcome' exit from UMP
The end of unconventional monetary policy in advanced economies is a good sign for the world economy, says Central Bank of Brazil governor Alexandre Tombini
Central Bank of Brazil raises rates for seventh time in a row
Selic rate increased 50 basis points to 10.5% in unanimous decision following disappointing inflation figures published last week; rate up 275 basis points since April 2013
Monetary transmission not to blame for weak bank lending in Brazil, IMF paper finds
Fewer loans due to shift in demand and possibly rapid expansion of state bank credit; if anything, sensitivity of lending to Selic rate changes seems to have increased, according to author
Basel Committee gives Brazilian capital standards the nod in new report
Standards are deemed overall compliant with Basel III, report published today concludes; Central Bank of Brazil's approach to market risk considered ‘more prudent' than the Basel standardised version
OECD tells Brazilian government to stay quiet on interest rate policy
New report urges government to stop commenting on future trajectory of interest rates, and set fixed terms for MPC members ‘during which they cannot be dismissed'
Central bank independence in the spotlight as Indonesia joins EM currency ‘panic'
Bank Indonesia joins central banks in Brazil, India and Turkey in taking unconventional steps to stem currency sell-off; concern emerging markets are targeting currencies over inflation
Brazil minutes show Copom fears long-term effects of weaker currency
In the short term, the committee felt the depreciating real would cause a ‘natural and expected correction in relative prices', but its longer-term effects should be combated
Brazil street protests show crucial role of central bank, says ex-governor Franco
Some politicians have ignored fears about rising inflation in Brazil but street protests demonstrate the vital importance of the Central Bank of Brazil in fulfilling its mandate, says Gustavo Franco