Brazil
Tombini: Central Bank of Brazil to do ‘whatever is necessary’ to hit inflation target
Brazil central bank ‘will do whatever is necessary’ to ensure inflation enters into a ‘long period of decline’ from this year onwards, governor says
Central Bank of Brazil extends swap auctions
Brazil’s central bank will continue to hold daily foreign-exchange swap auctions until March, but has reduced the amount on offer from $200 million to $100 million a day
Brazil’s central bank lowers expectations of further action
Brazil’s central bank says inflation will enter ‘a long period of decline’ next year, as it looks to guide inflation and interest rate expectations
Tombini: Brazilian inflation might increase in the near term
Central Bank of Brazil governor believes inflation could rise in the next few months on the back of a depreciation in the real, but commits to bring it back to the target ‘as fast as possible’
Brazil hikes rate but will deploy further measures ‘sparingly’
Central Bank of Brazil increases key interest rate by 50bp to 11.75% and says it will use additional measures ‘sparingly’; economists expect tightening to stop early 2015
Central Bank of Brazil will not be ‘complacent' with inflation, says governor
Governor Alexandre Tombini offers reassurances the Central Bank of Brazil is working to keep inflation ‘under control’ with annual CPI growth steady around 6.5%
Central Bank of Brazil takes action to boost credit
Co-operative banks in Brazil to be granted as much as 760 million reais for new loans and allowed to issue bonds, in a move designed boost credit in the country
Central Bank of Brazil hikes rates following knife-edge election
Split MPC raises Selic rate to 11.25% in surprise decision amid ‘less favourable' inflation outlook; ‘sign inflation may be given greater priority' by re-elected government, analyst says
Central Bank of Brazil staff stage fifth walkout this year
‘Technical workers’ are seeking to defend their roles, which they feel are increasingly being handed to over-qualified ‘analysts’; Central bank says strike is not affecting its core activities
BIS paper investigates factors behind birth and death of benchmarks
Working paper studies ‘benchmark tipping’, finding that although many government rates are being displaced by private benchmarks, China and Brazil may develop new government bond futures markets
Central bank independence key focus of Brazilian elections
With the central bank’s autonomy a hot topic in the build-up to this weekend’s presidential elections, specialists are divided on the benefits of greater independence
Brazil central bank director vows quick response to inflation
The monetary policy committee of the central bank will evaluate whether the interest rate needs to be raised to battle inflation, says director, and will act quickly if necessary
Bank rules and their impact on inequality
Banking regulation has a profound effect on levels of long-term financial inclusion around the world; US engaged in a failed ‘lottery ticket’ effort by the US to offer housing to the poor.
Brazilian MPC says inflation will converge to target within two years
Annual inflation in August was 6.5%, but the central bank believes it will reach the target of 4.5% in the ‘early quarters of 2016'
Brazil registers primary deficit for third consecutive month
Public sector primary deficit reaches 4.7 billion real ($2.10 billion) in July, making it more difficult to achieve annual fiscal target, notes central bank
Central Bank of Brazil yet to see effects of tightening cycle
Inflation 'still shows resistance', July minutes note; bank lowered reserve requirements for lenders last week in bid to inject additional liquidity into Brazilian economy
Central Bank of Brazil lowers bank reserve requirements in bid to boost liquidity
Reserves held against deposits cut in half as CBB hopes to inject $20 billion into economy; move ‘seems to be aimed squarely at getting economy going ahead of elections', says analyst
Brics nations launch development bank and reserve fund
Brazil, Russia, India, China and South Africa launch new institutions to fill the gaps left by the World Bank and IMF; Observers see challenges ahead
Tombini says inability to instil confidence ‘central explanation' for weak recovery
Central Bank of Brazil governor says ‘longer period of normalisation of monetary policy' a possibility; domestic inflation 'under control' and likely to remain ‘well behaved'
Brazil fails to realise Latam financial stability grouping
South American regional initiative to co-operate on financial stability appears to have gone nowhere since it was announced by Brazil in March this year
Tombini rejects ‘generalised vulnerability’ of EMs
Brazilian governor dismisses notion that exchange rate depreciation in wake of Fed taper is associated with an ‘inevitable, looming’ external payments crisis in emerging market economies
Brazil central bank gives banks time off for World Cup
Banks must work as usual during the World Cup, the central bank has said - but can take an extra hour off when the Brazil team is playing
Central Bank of Brazil raises Selic rate amid uptick in inflation
Central Bank of Brazil hikes rate by 25bp to 11% following upward revision of inflation for 2014; analysts predict an end to year-long tightening cycle
Brazil minutes highlight inflation 'resistance' concern
Central Bank of Brazil remains concerned about 'resistance' of inflation despite more than 400bp of rate rises, latest minutes show