Tag Archives: Banco Central

Brazilian economy cools down with global turbulence

For the fifth consecutive week, Brazilian financial analysts reduced their estimates for the Brazilian economic growth this year. Local market sentiment poll – Focus Report According to the Focus report, released by the Brazilian Central Bank the forecast 2011 GDP … Continue reading

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Itau Surpasses Goldman Sachs in Brazilian Bond Underwriting

July 13 (Bloomberg) — Itau Unibanco Holding SA overtook Citigroup Inc. and Goldman Sachs Group Inc. in Brazilian bond underwriting, leading a push by local banks to grab market share from international banks hurt by the global financial crisis. Itau, … Continue reading

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Interest rates in Brazil are kept flat (whether you like it or not)

Last night, The Central Bank of Brazil kept its benchmark rate steady at 8.75%, against market expectations. It was not an unanimous decision, as five members voted for keeping rates flat while the other three voted for increasing rates by … Continue reading

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Brazil: again the safe port for investors?

Negative news flows from Europe may impact investor’s confidence in the short-term. It would be too optimist to think that Brazil is completely immune to a change in investors flows.  Nonetheless, the Brazilian Central Bank has recently lifted part of the liquidity relief measures. … Continue reading

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