Bank of Brazil monetary policy

Dollar Down, Stocks Mostly Up Overseas

November 1, 2018

The dollar fell overnight on this first day of November by 1.5% against the kiwi, 1.3% relative to the Australian dollar, 1.0% vis-a-vis the peso and sterling, 0.7% versus the euro, 0.6% against the Swiss franc, and 0.4% relative to the loonie and yuan. The yen, in contrast, remains unchanged against the dollar. Share prices […] More

More Monetary Policy Changes

January 22, 2015

Yesterday it was the Bank of Canada.  Today, the ECB Governing Council announced plans to begin buying EMU member sovereign debt bonds and private sector bonds in March.  EUR 60 billion of assets will be bought each month in this quantitative policy initiative and continue through September of 2016.  In any case, the program will […] More

Brazilian Rate Cut Yesterday Perhaps the Last of Nine

August 30, 2012

A ninth Selic rate reduction of the cycle was implemented on Wednesday but accompanied with a statement that suggests it may be the final one.  The Selic rate drops to a record low of 7.5% versus 12.5% that prevailed in August 2011.  Seven of the cuts during the past year were by 50 basis points.  […] More