Brazilian Selic Interest Rate To Stay at 8.75%

March 17, 2010

A narrowly split 5-3 vote by the Central Bank of Brazil’s policymaking committee, COPOM, decided to keep the key Selic rate at a record low 8.75%.  Analysts had also been divided over whether an initial rate increase might occur this month in light of a strengthening recovery and higher inflation in the early going of  […] More

Brazil Monetary Policy Left Unchanged

January 27, 2010

Brazil’s monetary policy committee, known as COPOM, left the Selic Rate at 8.75%, where such has been for the past six months.  In the previous six-month period, by contrast, five rate cuts totaling 500 basis points were implemented: 100 bps each in January, April and June, 150 bps last March and a final decrease of […] More