Brazil
Central Bank of Brazil Working Paper
RESEARCH - The paper 'Inflation Targeting in Brazil: Lessons and Challenges' by Andre Minella, Paulo Springer de Freitas, Ilan Goldfajn and Marcelo Kfoury Muinhos assesses the first three years of the inflation-targeting regime in Brazil adopted in July…
Brazil's Fraga urges Lula reforms to help debt
BRAZIL - Brazil's Central Bank President Arminio Fraga on Monday urged President-elect Luiz Inacio Lula da Silva to press ahead with reforms that would assuage investors and cut the cost of servicing Brazil's $260 billion mountain of debt.
Brazil c bank sees 2003 inflation near 6 pct-COPOM
BRAZIL - Brazil's Central Bank sees 2003 inflation near its adjusted target of 6 percent, above its previous projection of about 5 percent, the minutes of its Oct. 22-23 rate-setting meeting reveal.
Brazil - New c bank head may be chosen by year-end
BRAZIL - The name of the new central bank governor may be sent to congress for approval before the end of the year, to end uncertainty on the markets, the 'Estado de Sao Paulo' reports.
Brazil's central bank president want independence
BRAZIL - The autonomy of the Central Bank in the future Brazilian administration was defended by the bank's current president, Arminio Fraga, and by a former one, Gustavo Franco, in Rio de Janeiro.
Brazil's finance chiefs upbeat on life under Lula
BRAZIL - Brazil's economic authorities have held out the possibility of a significant recovery in the country's battered financial markets following a likely leftwing victory in Sunday's presidential run-off election.
Brazil's Fraga trusts next govt to make right call
BRAZIL - Brazilian Central Bank President Arminio Fraga on Thursday moved to calm markets rattled by persistent concerns about this month's presidential election, saying he expects the next government to make the right economic policy decisions.
Brazil's markets slide as c bank warns of turmoil
BRAZIL - Brazil's battered financial markets fell sharply on Wednesday as the Central Bank warned that the country's imminent government transition would be more turbulent than expected.
Brazil central bank raises interest rates to 21%
BRAZIL - Brazil's central bank yesterday sought to stave off a growing financial crisis by raising overnight interest rates by 3 percentage points to 21 per cent. The increase followed renewed pressure on the Real, the country's currency, before a likely…
Brazil's c bank calls extraordinary Copom meeting
BRAZIL - Brazil's Central Bank called Monday an extraordinary meeting of its interest rate-setting Monetary Policy Committee (Copom), two weeks before presidential elections and amid a currency crisis that is fanning inflation and whipping the economy.
Brazil: PT may give central bank autonomy
BRAZIL - The workers' party (PT) may give the central bank 'operational autonomy', as early as this year, if Luiz Inacio Lula da Silva is elected president, says PT president Jose Dirceu.
Fraga urges candidates to clarify intentions
BRAZIL - Arminio Fraga, Brazil's central bank chief, on Wednesday called on the two remaining presidential candidates to deepen their commitment to sound economic policies and help calm investor concerns.
Brazil imposes stricter bank equity requirements
BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.
Brazil c bank imposes stricter equity requirements
BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.
Brazil central bank moves to prop up currency
BRAZIL - Brazil's Central Bank on Monday made it more expensive for banks to hold foreign currency and gold assets in hopes of propping up its own local currency, the real.
NY Fed's McDonough says Brazil should be fine
US - New York Federal Reserve President William McDonough said on Monday that the crisis of confidence in Brazil would likely turn out all right.
Brazil real opens at record low on debt, election
BRAZIL - Brazil's beleaguered currency opened at a fresh record low on Friday, pressured by ongoing election jitters and concerns the central bank would have trouble rolling over maturing debt, traders said.
Brazil sees Sept current account surplus of $1 bln
BRAZIL - Brazil's central bank on Thursday forecast a current account balance of payments surplus of $1 billion in September.
Brazil leaves interest rates unchanged
BRAZIL - Brazil's central bank has said it will leave interest rates unchanged at 18% until after the forthcoming presidential election, following fresh concerns over the country's economy.
IMF sees signs of Brazil contagion on bond market
US - The signs of bond market contagion from political uncertainty in Brazil developed in emerging bond markets in the second quarter of the year, according to an International Monetary Fund report published Thursday.
Letter of intent to IMF from Brazilian government
LETTER - The following item is a Letter of Intent of the government of Brazil, which describes the policies that Brazil intends to implement in the context of its request for financial support from the IMF.
Brazil's Fraga sees 2002 GDP growth at 1 per cent
BRAZIL - Brazilian central bank head Arminio Fraga said he expects Brazil's economy, now suffering from the fallout of severe market turmoil, to expand at about 1 percent this year, less than previous forecasts, according to a research report by Goldman…
Fraga says meeting with int'l bankers a success
BRAZIL - Brazilian central bank chairman Arminio Fraga said his meeting with international bankers in New York Monday was successful, Brazilian daily O Globo reported. Finance minister Pedro Malan was also present and said Brazil is prepared to honour…
Brazil c bank holds rates with a downward bias
BRAZIL - Brazil's central bank held its benchmark interest rate unchanged at 18 percent on Wednesday as financial turmoil ahead of October presidential elections continued to batter the currency and fan inflation.