Brazil
Brazil's Fraga says currency falls temporary
BRAZIL - Brazil's Central Bank President Arminio Fraga said on Wednesday the real currency's nosedive amid pre-election pressures was temporary and that an expected loan deal with the International Monetary Fund should help soon.
Brazil's Fraga hopes for IMF deal by 12 Aug
BRAZIL - Brazil's Central Bank President Arminio Fraga said on Tuesday he expected the country to clinch a much-awaited deal with the International Monetary Fund, by 12 August, that should help calm pre-election market jitters.
New Basle norms favour SME lending - Brazil
BRAZIL - New Basle norms that will be applied in Brazil and other developing countries in 2006 will loosen reserve requirements for banks lending to small- and medium-sized enterprises (SMEs), Brazilian daily Panorama Brasil reported on Tuesday.
Brazilian real hits new low as c bank cuts rates
BRAZIL - The Brazilian real has closed at a record low against the dollar after the country's central bank announced a surprise cut in interest rates.
Brazil's Fraga: Expects continued IMF, G7 support
BRAZIL - Brazilian central bank head Arminio Fraga said on Thursday he expects continued support from the International Monetary Fund and the Group of Seven industrialized nations, following a meeting with top Wall Street bankers.
Brazil party may give its backing to IMF plan
BRAZIL - Brazil's leftwing Workers' party, which is still leading opinion polls ahead of October's presidential elections, says it may back an accord with the International Monetary Fund in order to reassure investors.
Real rises after central bank resumes intervention
BRAZIL - The real rose after the Brazilian central bank said it is resuming its former policy of daily interventions in the foreign exchange market, dealers said.
Brazil bank acts to boost Real
BRAZIL - Brazil's central bank said yesterday it would inject $1.5bn (£976m) into the currency market this month to help steady the Real, which has fallen to a record low amid uncertainties ahead of October's presidential elections.
Brazilian currency hits another record low
BRAZIL - Brazil may have won the World Cup for the fifth time last Sunday but the harsh realities of life return as the country's currency yesterday hit another record low. The governor of Brazil's central bank said that markets were ignoring the country…
Banco Central do Brasil Inflation Report June 2002
REPORT - Banco Central do Brasil, Brazil's central bank, has released it's Quarterly Inflation Report for June 2002.
Brazil may widen inflation target's 2 point band
BRAZIL - The finance ministry and the central bank may decide to widen the existing two-percentage points leeway above the inflation target set by the central bank, financial daily Valor Economico reported.
IMF Survey, Vol. 31, No. 12
SURVEY - The latest edition of the IMF Survey includes comment on the IMF's Global Financial Stability Report, excerpts of a speech by Anne Krueger on sovereign debt restructuring and an interview with Kenneth Rogoff and Jeromin Zettelmeyer on the roots…
Brazil's central bank pays to keep money at home
BRAZIL - Brazil's central bank, seeking to stem an outflow of money from the country, offered banks the ability to swap local currency interest rates for dollar-linked yields.
Brazil maintains steady interest rates
BRAZIL - Brazil's central bank yesterday maintained its prime interest rate at 18.5 per cent for the third consecutive month after recent market turmoil began fuelling inflation fears.
Fraga - Single digit real interest rates feasible
BRAZIL - Central Bank Chairman Arminio Fraga said it is feasible for the next administration to achieve single-digit real interest rates, official news agency Agencia Brasil reported.
Brazil cb to wait to sell long term debt next year
BRAZIL - The Brazilian central bank is likely to wait until 2003 until it begins selling its longer-dated public debt again. Two weeks ago the government began to swap long-dated government securities for short-term debt to counter the growing reluctance…
Brazil lands $10bn loan from IMF
BRAZIL - After nearly a week of falling currency, stock and bond markets, Brazilian central bank president Armenio Fraga and finance minister Pedro Malan announced that the country would tap into $10 billion of IMF loans. The World Bank also joined in…
Vote of confidence for Brazil governor
BRAZIL - The Brazilian government's candidate for presidential elections, Jose Serra, said on Tuesday he hopes to keep Arminio Fraga as president of the central bank if he wins the October vote.
IMF Research Bulletin, June 2002
RESEARCH - The report includes summaries of IMF research on the empirical analysis of exchange rates and on pension reform, a country study on Brazil, as well as coverage of conferences on National Poverty Reduction Strategies and Macroeconomic Policies…
Brazil central bank sees '02 inflation over 5 pct
BRAZIL - Brazil's central bank projected inflation this year of "slightly above" 5 percent, according to minutes of its rate-setting meeting last week released Wednesday.
Brazil central banker dampens rate cut talk
BRAZIL - Brazil Central Bank President Arminio Fraga on Friday watered down his own remarks on the possibility of future interest rate cuts, just as the market was doubting any such decision next week.
Banco de Brasilia fails central bank online test
BRAZIL - Brazilian bank Banco de Brasilia topped the central bank's online consumer complaint ranking in April, knocking financial group Grupo Santander Brasil from first to second place, according to information published on the central bank's site.
Brazilian bank chief's warning
BRAZIL - Arminio Fraga, president of Brazil's central bank, said yesterday that he was worried by "a certain lack of coherence" in the economic programmes offered by candidates for the October presidential election.
Brazil's central bank calms inflation fears
BRAZIL - Arminio Fraga, the president of the Brazilian central bank, on Friday sought to alleviate concern over accelerating inflation after the consumer price index posted a 0.8 per cent increase in April. This brings the increase in consumer prices…