Brazil
IMF's Rato to visit Brazil on January 10-11
Rodrigo de Rato, Managing Director of the International Monetary Fund, will visit Brazil on January 10-11, 2006, at the invitation of the President Luis Inacio Lula da Silva to mark the nation's early repayment of its outstanding obligations to the Fund.
Comment: Latin America spurns the Fund
Last week Brazil and Argentina surprised the international community by announcing that they both intend paying off all of their outstanding debt to the IMF before the end of the year.
Comment: Brazil's surprise IMF settlement
Earlier this week Brazil announced that it plans to pay off its entire $15.5 billion in debt to the IMF by the end of the month. In doing so, the country will meet its outstanding IMF obligations two years ahead of schedule.
Brazil announces intention to repay IMF debt
Brazil announced on Tuesday 13 December its intention to make an early repayment of its entire outstanding obligations to the International Monetary Fund amounting to SDR 10.79 billion (about US$15.46 billion).
UK's Brown says India, China to attend G7 meeting
China, India, Brazil and South Africa will attend part of the G7 finance ministers meeting this week, British finance minister Gordon Brown said on Monday 28 November.
Brazilian CB reduces number of meetings
The Central Bank of Brazil will lengthen the period between its interest rate policy meetings to 44 days from the current 30 days.
Brazil central bank workers end month long strike
Brazil's central bank employees resumed work this week after a one month strike which delayed the release of important macroeconomic data.
Brazil sees 'transitory' inflation pressure
Brazil's central bank said in minutes of its COPOM meeting released on Thursday 27 October that it was closely monitoring "transitory" price pressures before it made rate decisions in the coming months.
Brazil's Meirelles won't run for office in 2006
The president of Brazil's central bank, Henrique Meirelles, has ruled out joining a political party, a move which would have allowed him to run for office next year.
Comment: Intervention tightrope
Central bank officials from three of the world's most important emerging markets this week made comments to the effect that they are intervening in foreign exchange markets and could continue to do so in the future. The reasons they put forward for doing…
Brazil looks to strengthen AML regime
A bill has been presented to the Brazilian Congress which would bolster anti money laundering rules and give the central bank more control over transactions.
Robbery! Brazil's central bank loses $68m
How do you lose $68m? The central bank of Brazil is asking itself the same question after thieves tunnelled in to bank and made this massive withdrawal.
Copom holds Selic at 19.75% with no bias
The monetary policy committee of the Brazilian central bank announced Wednesday 17 August after its two-day meeting that, as expected, it is holding Selic (base rate) unchanged at 19.75% annually with no bias.
Inflation view falls to 5.4% in Brazil
The average market forecast for Brazil's benchmark inflation index fell on Monday 15 August for the 13th straight week to 5.4 percent.
Shocks may pose threat to China, says Nobel winner
Edward Prescott, the Nobel 2004 economics prize laureate, told an economics conference in Singapore on Friday 5 August China's fast growth rate may mean the economy is vulnerable to external shocks.
Snow says Brazil markets taking scandal in stride
US Treasury Secretary John Snow said there is little evidence that Brazil's economy is being damaged by a vote-buying scandal that has engulfed the government of President Lula da Silva.
Brazil's Meirelles says economy sound
Despite the country's current political crisis, Brazil's economy is supported by solid fundamentals that will maintain growth, central bank president Henrique Meirelles said on Thursday 28 July .
Brazil cb and Congress to improve bank controls
Brazil's central bank and lawmakers will seek ways to improve control over the financial system, the bank said in a statement sent by e-mail.
Brazil's Lula says central bank chief to stay
Brazilian President Luiz Inacio Lula da Silva has said he will keep central bank President Henrique Meirelles in his post, denying a report in O Estado de S. Paulo newspaper that he was planning to replace the embattled central bank chief.
Senate backs Tombini to central bank of Brazil
Brazil's Senate Economic Affairs Committee on 24 May recommended the Senate confirm the nomination of Alexandre Tombini as central bank director for special studies.
Brazil's Meirelles faces fraud probe
Brazil's Supreme Court has authorised a criminal investigation against Henrique Meirelles, the country's central bank chief, over alleged tax fraud and misdemeanours against the financial system.
Brazil's Supreme Court upholds partial immunity
The Supreme Federal Court on Thursday 5 May upheld the decision to give Brazil's central bank President Henrique Meirelles immunity from prosecution from common courts in an ongoing illegal tax and forex transaction case against him, local media reported.
Calls for curb on Brazil's central bank autonomy
Severino Cavalcanti, the president of Brazil's lower house of congress, has said he wants to remove the power of the central bank to independently set interest rates.
Brazil prosecutor calls for central bank inquiry
Brazil's Supreme Court has been asked by the attorney general to start an investigation into central bank President Henrique Meirelles for alleged financial irregularities.