Thursday, April 21, 2011

Brazil Central Bank Increases Selic Rate 25bps to 12.00%

The Banco Central Do Brasil announced a 25 basis point increase to the Selic rate, bringing it to 12.00% from 11.75% previously on concerns the Brazlian economy is overheating.  Brazil last reported inflation at 6.44%, above the Bank's official inflation target of 4.5%.  Bloomberg reported the Bank as saying: "Taking into account the balance of inflation risks, the still uncertain rhythm of the moderation of domestic activity, as well as the complexity of the international environment, the committee understands that, at the moment, the implementation of adjustment in monetary conditions for a sufficiently long period is the most adequate strategy to guarantee the convergence of inflation to the target in 2012."

www.CentralBankNews.info

2 comments:

  1. Do you mind if I quote a few of your posts as lng as I provide credit and sources back
    to your site? My blog site is in the very same niche
    as yours and my visitors would really benefit from some of the information yyou
    present here. Please let mme know if this ok with you.
    Many thanks!

    my weblog - win lotto 649

    ReplyDelete
    Replies
    1. Your are welcome to use articles from the website as long as you credit us, that is the same guidelines for any publication. If you wish to contact us for further information, please email us at centralbanknews@yahoo.com.

      Delete