Brazil
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.
Central Bank of Brazil COPOM Minutes
MINUTES - The Banco Central Do Brasil has published the minutes of the 80th meeting of the Monetary Policy Committee (COPOM), 21 and 22 January. The Committee decided unanimously to increase the Selic rate to 25.5% after an anticipated overshoot of the…
Brazil c bank unlikely to change inflation target
Brazil's central bank has said it would only change its inflation target for 2003 if an increase in regulated prices surpassed its forecast of a jump of 14 percent.
Brazil's central bank chief 'slips up' in Davos
While central bankers sometimes make the odd slip up it is not usually meant literally. But the World Economic Forum in Davos spelt bad news for Henrique Meirelles who has slipped on ice and broken his ankle CentralBankNet hears.
Brazil raises interest rates in surprise move
Brazil's central bank surprised financial markets yesterday with an increase of its prime lending rate by 0.5 percentage points to 25.5 per cent, showing its intention to implement tough inflation controls. Only two weeks ago central bank chief Henrique…
Brazil targets inflation of 8.5 percent in 2003
Brazil's central bank said on Tuesday it would steer monetary policy to target a year-end inflation rate of 8.5 percent, more than double its original goal but still below market forecasts for 2003.
Arminio Fraga on leaving Brazil's central bank
SPEECH - In a speech on leaving the governorship of Brazil's central bank Arminio Fraga Neto said of primary importance to the incoming president of the central bank will be the mission of preserving price stability. He added that by giving priority to a…
Inauguration speech by Brazil's central bank head
SPEECH - In the inauguration speech Henrique Meirelles of the Brazilian Central Bank pledged strict inflation control but said it may take longer than expected to meet current targets. He cautioned that there was no room for an imminent reduction of…
New bank chief vows to control Brazil's inflation
Henrique Meirelles, who took over as president of Brazil's central bank on Tuesday said a tight grip would be kept on inflation but said it might take longer than expected to meet current targets. He also reassured investors he would be backed by…
Brazil raises interest rates by 3 points to 25%
Brazil's central bank on Wednesday increased its key interest rate by 3 percentage points to 25 per cent in an effort to crush growing inflation as the government-elect pledged to press ahead with central bank reforms and austerity measures. It is the…
Brazil's Lula to keep monetary policy team for now
Brazil's incoming central bank chief Henrique Meirelles said on Thursday the government of President-elect Luiz Inacio Lula da Silva will avoid making drastic changes to the country's monetary policy team.
Brazil central bank nominee heads for hearings
Henrique Meirelles, nominated to be Brazil's next central bank president, on Tuesday goes before Congress for confirmation hearings. He is expected to face tough questioning on monetary policy but ultimately be approved for the job, analysts said.
Brazil appoints new central bank chief
Luiz Inacio Lula da Silva, Brazil's leftwing president-elect, who takes office on January 1, on Thursday nominated experienced Harvard-trained banker, Henrique Meirelles, to head the central bank.
Bank of Brazil, Focus Report
REPORT - Focus Report on Consumer Price Inflation in November, 11 December.