Brazil
Brazilian central bank continues steep tightening cycle
MPC says it aims to slow pace of rate increases but warns fiscal policy is boosting inflation
Brazil central bank employees join strike action
Public sector workers walked out on January 18 to protest refusal to increase pay
Brazilian banks use market power to raise cost of credit – BIS paper
Research explores role of market power and informational switching in banking competition
People: Brazil’s Campos Neto comes down with Covid
Acting governor in Lesotho; Auer to head Eurosystem Innovation Hub; and more
2021: The year in review
The year has seen central banks switch from recovery mode to battling inflation. Central Banking looks back at the stories that made the biggest impact in 2021
IMF mission to leave Brazil in June
Announcement follows criticism by finance minister of IMF forecasts
Brazilian Senate passes new FX law
Central bank will regulate foreign currency accounts under law now on president’s desk
Brazilian MPC tightens rates again despite sluggish growth
MPC “foresees another adjustment of the same magnitude” at next meeting
Brazil’s largest state considers suspending Pix payments
São Paulo legislature examining payments system shutdown as an anti-crime measure
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
Brazilian inflation may be stabilising – official data
Mid-November inflation reading was unchanged from October as rate of food price increases slows
People: Knot to assume FSB chairmanship
New board members appointed at central banks in Brazil and Peru
Brazil’s Pix system used by 62% of population – central bank
Real-time retail payments platform was most-used means of payments in October – BCB
Finding room for ESG
Central Banking speaks to four policy-makers for their thoughts on ESG principles, their respective institutions’ approaches, potential restrictions and an update on integration.
BCB independence and Brazil’s inflation battle
Formal autonomy should help shield central bank from political pressure linked to 2022 elections, but challenges remain
Brazilian governor outlines climate reporting rules
Campos Neto says Brazil’s banks must file climate risk reports from June 2023
BIS board reappoints Carstens as general manager
Luiz Pereira da Silva gets new term as deputy, and Stefan Ingves becomes vice-chair
People: ECB appoints new head of macro-pru
BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more
People: IMF deputy managing director to leave
Mitsuhiro Furusawa to depart IMF; Brazil and Costa Rica to appoint board members; and more
Brazil makes largest rate hike in decades on fiscal concerns
Inflation continues to grow, as mid-month reading hits 10.3% in October
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
Brazil central bank spends $1bn to support real
Local currency has declined more than 10% against the dollar since June
Campos Neto named in Pandora Papers
Investigation identifies Brazil governor as stakeholder in four offshore companies
Brazilian central bank raises rates and promises further hikes
MPC forecasts policy rate will rise by 200 bp and cautions government against expansion