Brazil
Brazil's Meirelles says inflation not yet stable
Speaking in testimony to Brazil's parliament, Bloomberg reported that central bank President Henrique Meirelles said inflation was not yet under control and the bank will keep a watch with its interest rate policy.
Brazil cb to maintain curent monetary policy
Brazil's central bank governor has said the bank will maintain its current stance on monetary policy despite the resignation of the director of economic policy, according to a report in the Wall Street Journal.
Brazil's central bank head of economics resigns
The head of economic policy at Brazil's central bank, Ilan Goldfajn, resigned on Thursday 22 May, according to Associated Press, but denied the decision had anything to do with criticism the bank received at not cutting interest rates earlier in the week.
Ex-central banker Fraga takes wheel of a cab
Former president of the central bank of Brazil Arminio Fraga has recently appeared on Brazilian television in a comedy sketch playing a taxi driver who likes to voice his opinions on the economy, according to a Bloomberg report
Brazil central bank under pressure to cut rates
Several of Brazil's top government officials have echoed the call of industry bosses for a cut in the central bank's prime interest rate from 26.5 per cent, according to a report in the Financial Times. In what was described as an unusually harsh tone,…
Central Bank of Brazil - Annual Report 2001
The Central Bank of Brazil has published its Annual Report for the year ended 2001.
Brazilian bill paves way for central bank autonomy
A bill was approved on Thursday May 15 which allows changes to the legal framework of Brazil's financial system and could see more autonomy for the central bank, according to a Reuters report. The vote, which was carried with a 97% majority in favour,…
Brazil debates intervention in currency market
A debate has emerged in Brazil regarding the central banks intervention in the currency market after the government said last week it would not be desirable for the real to strengthen further.
Brazil's Copom resisted April rates cut
Minutes of Brazil's central bank Copom meeting released on Friday 2 May showed that the bank resisted cutting interest rates in April as although inflation slowed in March, it failed to ease at the pace predicted, according to AE Brazil.
U.S. impressed with Brazil's anti-inflation stance
Brazil's central bank chief Henrique Meirelles met John Snow, the US treasury secretary, on Tuesday 22 April, according to Rreuters. Snow expressed support for Brazil's efforts at controlling inflation.
Brazil central bank head unfazed by currency gains
Henrique Meirelles, head of the Banco Do Brasil, has said the recent rise in the reals value would not hurt trade and that it was only a short time ago that people were worried about a collapse in the exchange rate, Reuters reported.
Brazil real gains on central bank reform hopes
Increasing optimism that Brazil's central bank will gain greater independence pushed the real up against the dollar in trading, says the Financial Times. The legislation to be presented Wednesday is the first of a series of radical reforms designed to…
Central Bank of Brazil COPOM Minutes
The Banco Central Do Brasil has published the minutes of the 82nd meeting of the Monetary Policy Committee (COPOM), 18 and 19 March. The Copom decided to maintain the Selic rate at 26.5%. However, the committee said that there are considerable risks to…
Battle over Brazil central bank's autonomy
A battle may develop over the central bank of Brazil's moves towards independence, according to a report by United Press International. The party of President Lula is trying to push through a bill in support of central bank autonomy. But about half the…
Speeches by governor and dep gov of Brazil cb
The governor and deputy governor of the Central Bank of Brazil, Henrique Meirelles and Beny Parnes, gave presentations at the IDB Annual Meeting in Milan.
Good times - so far - for Meirelles in Brazil
Henrique Meirelles, who took over as governor of the Central Bank of Brazil in January, discusses with the Financial Times the changes from his time on Wall Street to spearheading monetary reform in Brazil. Though the monetary policy medicine appears to…
Brazil's Senate approves 3 central bank directors
Brazil's central bank has approved the nomination of three new directors with an overwhelming majority, according to a Reuters report.
Brazil's Palocci sees IMF loan despite inflation
Finance minister Antonio Palocci said he expects the next tranche of Brazil's record IMF loan to be approved despite an increase in inflation in the country.
Brazil c bank warns inflation to stay high for now
The central bank of Brazil has said in the minutes from its most recent meeting that it expects the rise in inflation to fall back but risks remain that inflation will remain at "elevated levels".
Fed's McDonough praises Brazil's new government
Brazil's new economic plan received support from William McDonough on Tuesday at a Latin American forum. New York Fed chief also praised Brazil's central bank head Henrique Meirelles.
Brazil's interest rate increase wins IMF support
The IMF praised Brazil's central banks decision to increase interest rates saying that the move will help control inflation.
Brazil raises rates to fight 'virus of inflation'
Brazil's central bank on Wednesday raised interest rates for the second time in a month to curb what new President Luiz Inacio Lula da Silva described this week as the "virus of inflation".
Brazil's Palocci nominates three c bank directors
Brazilian Finance Minister Antonio Palocci nominated three new Central Bank directors on Tuesday, including Luiz Augusto Candiota to replace Luiz Fernando Figueiredo as the director of monetary policy.
Former Brazil central banker joins Deutsche Bank
Daniel Gleizer, 42, joins Deutsche Bank as managing director and head of global markets for Brazil, based in Sao Paulo.