Brazil
Brazil sticks to 5.5 % inflation target
Brazil's central bank continues to target inflation of 5.5 per cent this year despite the rising cost of oil and market expectations that consumer prices will rise, the bank's president said on Wednesday 26 May .
Meirelles: Brazil's inflation target won't change
Brazilian Central Bank President Henrique Meirelles said on Thursday 22 April that the strict inflation targets set for 2004 and 2005 would not budge despite investor fears they may hinder badly needed growth.
Meirelles tells Wall St Brazil is on right track
Brazilian Central Bank President Henrique Meirelles attempted to calm investor worries over Brazil on wednesday 21 April by stressing that the economy would meet its fiscal targets for 2004.
Brazil cuts rates to 16 per cent
Brazil's central bank cut its benchmark lending rate to a three-year low on Wednesday 14 april to 16 per cent.
Brazil doesn't plan to renew IMF accord, Meirelles
The Brazilian government doesn't plan to renew a $14.8 billion loan accord with the International Monetary Fund that expires this year, as it is accumulating foreign reserves, central bank president Henrique Meirelles said.
Brazil rules out relaxing inflation target
Brazil's central bank president Henrique Meirelles ruled out changing the 5.5 per cent inflation target set for this year, official news agency Agencia Brasil reported.
Brazil to pursue 5.5% inflation target: Meirelles
Brazil's Central Bank President Henrique Meirelles said on Friday 19 March that he will continue to pursue a 5.5% inflation target "to guarantee growth of 3.5% or more" this year.
Argentina and Brazil join forces over Fund rules
Brazil and Argentina joined forces on Tuesday 16 March, asking the International Monetary Fund to remain flexible regarding their budget surpluses.
Meirelles says Brazil can stand Argentine default
President Henrique Meirelles of the Banco Do Brasil has said his county's economy can weather a possible default by the Argentine government on its $3.1 billion debt to the IMF, Brazilian newspaper Estado de S. Paulo reported.
Brazil senate committee wants to quiz Meirelles
The Brazilian senate's economic affairs committee has invited Finance Minister Antonio Palocci and Central Bank President Henrique Meirelles to explain the government's economic policy, the Senate's news agency reported.
IMF MD Horst Kohler's remarks on visit to Brazil
International Monetary Fund (IMF) Managing Director Horst Kohler made the following statement on Monday I march in Sao Paulo at the conclusion of his visit to Brazil.
IMF's Koehler confident on Brazil's growth
IMF Managing Director Horst Koehler said on Sunday 29 February that he had a "good feeling about Brazil", expressing confidence in the country's growth prospects for this year.
Brazil's Copom holds rate at 16.5%
The Banco Do Brasil's monetary policy committee (Copom) announced Wednesday it was holding its Selic interest rate steady at 16.5%.
Meirelles says Brazil can cope without IMF aid
Brazil's central bank chief, Henrique Meirelles, said in an interview that the country's dependence on the IMF could be reduced and a reduction in Brazil's "foreign vulnerability" could be achieved.
Brazil's Meirelles scotches resignation rumours
Rumours originating in New York this week suggested that Brazilian central bank president Henrique Meirelles was about to resign.
Brazil's Copom held rates over inflation fears
Brazil's monetary policy committee (Copom) minutes said that a majority of members decided to leave rates unchanged last week fearing that the inflation hike could go beyond January.
Brazil may shelve central bank autonomy idea
Brazil's government, headed by President Luiz Inacio Lula da Silva, is likely to shelve plans for increased central bank independence this year, after renewed investor confidence following last year's programme of economic austerity.
Brazil central bank cuts rate 1 point to 16.5%
The central bank of Brazil cut its Selic base rate by a percentage point to 16.5% on Wednesday 17 December. A Copom statement said that the cut was made "due to a trajectory of favourable targets for the resumption of economic activity."
IMF agrees to extend Brazil's credit deal
The IMF said on Monday 15 December that it has given Brazil a 15-month extension of its $34 billion loan agreement and will provide $6.6 billion in new funding, according to Associated Press. The Fund also agreed to Brazil's request for more time to…
Brazil's central bank hint need for more rate cuts
Minutes released by the central bank of Brazil from its monetary policy meeting, reported by AE Brazil, hint that interest rates may need to fall further as projected inflation for the next 12 months and 2004 remain below target.
Brazil makes unexpected cut to base rate
The central bank of Brazil's Copom monetary policy committee has cut its main interest rate to by 1.5 per cent, according to AFX. The Copom said in a statement that the decision to cut the selic to 17.5 pct, with no bias, was based on its positive…
Brazil's central bank warns over email fraud
The central bank of Brazil has warned the public against an email fraud scheme which asks people to register personal details about their bank accounts, with the email supposedly from the central bank, according to a report by Business News America.
Brazil c bank chief - IMF deal 'insurance'
Brazil's central bank president, Henrique Meirelles, has said the new IMF loan deal would give Brazil cheap insurance against international market volatility. But officials said they did not intend to draw on a $14 billion loan package from the IMF…
Meirelles: Brazil interest rates will keep falling
Bank of Brazil president Henrique Meirelles said Friday, according to AE Brazil, that low inflation could mean interest rates will continue to fall from the current 19%. Speaking ahead of a sovereign debt conference at the Dallas Federal Reserve Bank,…