Brazil
Brazil urges charges against former central banker
A congressional report published on Tuesday 14 December recommended that Brazil's former central bank president Gustavo Franco and others be indicted on money laundering charges.
Brazil's Senate approves central bank immunity law
Brazil's Senate has approved a law that gives central bank president Henrique Meirelles Cabinet-level status, giving him immunity from prosecution for crimes in all courts except the country's highest.
Brazil minister calls for relaxed monetary policy
Brazil's Development, Trade and Industry Minister Luiz Fernando Furlan criticised the central bank's conservative monetary policy and expressed concerns over the impact on the economy of the strengthening of the real against the dollar, AFX News said.
Second high-level central bank seminar in Rio
The Second High-Level Seminar of the Eurosystem and Latin American Central Banks took place on Friday 26 November in Rio de Janeiro. The Seminar was hosted by the Banco Central do Brasil and jointly organised together with the European Central Bank and…
Meirelles says Brazil has sufficient reserves
The central bank of Brazil is in no rush to buy dollars because its foreign reserve level is sufficient, bank President Henrique Meirelles said.
Brazil central bank denies govt buying dollars
Afonso Bevilaqua, economic policy director at Brazil's central bank, denied that the treasury is seeking to stem the rise of the Brazilian real by buying dollars on the spot market, official news agency Agencia Brasil reported.
Meirelles's ministerial status 'unconstitutional'
Brazil's state prosecutor, Claudio Fonteles, was quoted by AFX as saying that the presidential decree to grant the president of the central bank Henrique Meirelles cabinet minister status was unconstitutional.
Brazil's central bank takes over Banco Santos
Brazil's central bank took over operations of Banco Santos on Friday evening, in response to the bank's weak financial situation and its failure to meet deposit requirements.
Brazil says oil threatens 'gradual' rate rises
Minutes from Brazil's central bank interest rate setting COPOM committee showed that the bank expects to maintain a policy of "gradual" interest rate increases while holding out the possibility that increasing oil prices and worsening inflation…
Senate approves Azevedo as Brazil's mp director
Rodrigo Azevedo, the nominee for central bank of Brazil monetary policy director, told the senate this week he would seek to keep the currency stable and fight inflation.
Brazil raises rates for second month in a row
Brazil's central bank raised interest rates on Wednesday 20 October for the second consecutive month amid concerns about high oil prices and growing domestic demand.
Brazil's upswing due to rate policy says Meirelles
Brazil's central bank President Henrique Meirelles told a press conference in New York that the recovery from last year's recession is a result of budget and interest rate policies rather than the increase in exports.
Brazil's Meirelles promises lower rates
The president of Brazil's Central Bank, Henrique Meirelles, has said that the higher primary account surplus and the lower ratio between debt and GDP will mean lower interest rates in the medium term for Brazilians.
Brazil hikes interest rates to 16.25%
Brazil's central bank interest rate setting Copom committee increased interest rates on Wednesday 15 September for the first time since February 2003, saying that it hoped to rein in inflation without disrupting the country's economic recovery.
Brazil's Cavalheiro on regulation of capital
In a speech on 'Regulation of capital and financial stability' given on 12 July, Paulo Sergio Cavalheiro of the Central Bank of Brazil said the New Accord will be most likely implemented in Brazil in a gradual manner, the new rules co-existing for a…
Brazil leaves rates unchanged
Brazil's central bank decided to leave its interest rate at 16 per cent, as the country's economic recovery starts to result in rising inflation.
Brazil's Meirelles given cabinet status
The president of the Central Bank of Brazil, Henrique Meirelles, has been granted cabinet status in a further development to allegations of his financial misconduct by the national press.
Brazil's central bankers strike for second day
Eighty per cent of Brazilian central bank employees went on strike for a second day in demand of a pay rise, central bank spokesman Jocimar Nastari was quoted as saying this week.
Brazil's Cavalheiro on regulation and Basel II
In a speech on 'Regulation of capital and financial stability' given on 12 July, Paulo Sergio Cavalheiro of the Central Bank of Brazil said supervisors still have a lot of work to be done in order to implement Basel II. The next steps include the…
Brazil's Meirelles denies fresh allegations
Brazil's central bank chief Henrique Meirelles on Thursday 5 August denied he evaded taxes after new allegations he failed to declare all his assets to Brazilian tax authorities. The leader of the main opposition party called on Mr Meirelles to resign…
Brazil's cb has 'autonomy' on rates:, Palocci
Brazil's President Luiz Inacio Lula da Silva gave the central bank power to set interest rates as it sees fit to control inflation, said Antonio Palocci, Brazil's finance minister, in an interview with the Epoca newsmagazine.
Brazil's Candiota resigns, Meirelles to stay on
Luiz Candiota resigned as director of monetary policy at the Central Bank of Brazil on Wednesday 28 July following allegations in the press of tax evasion. Central bank president Henrique Meirelles has also denied allegations that he avoided paying taxes…
Brazil ready to take more active inflation stance
Brazil's central bank revealed Thursday 29 July in the minutes of its last Copom monetary policy meeting that it was ready to raise take a "more active" position on price increases if there are signs inflation is rising at too fast a pace to meet its…
Brazil to propose central bank autonomy in 2005
Brazils government will present a proposal to grant the Central Bank autonomy by 2005, Finance Minister Antonio Palocci was quoted as saying in the Friday July 16 edition of the Financial Times.