brazilian central bank

Brazil credit-card interest rate tops 300 percent


July 18th, 2012 - 12:29 pm ICT by IANS
Brasilia, July 18 (IANS/EFE) Credit-card interest rates in Brazil climbed above 300 percent last month, a media report said.Brazilian rates are many times higher than those in other Latin American ... Read more...

Posted in Business |

Brazil’s GDP growth forecast lowered


July 3rd, 2012 - 2:18 pm ICT by IANS
Brasilia, July 3 (IANS) For the eighth consecutive week, Brazil's financial market decreased its projected growth figure for this year's gross domestic product (GDP) from 2.18 to 2.05 percent, according ... Read more...

Posted in Business |

Brazilian central bank lowers growth forecast


June 29th, 2012 - 1:35 pm ICT by IANS
Brasilia, June 29 (IANS) Brazil's Central Bank (CB) continued its downward adjustment of projected growth, lowering its forecast for 2012 Gross Domestic Product (GDP) expansion from 3.5 percent to 2.5 ... Read more...

Posted in Business |

Ronaldinho’s brother jailed for money laundering


April 18th, 2012 - 4:26 pm ICT by IANS
Rio de Janeiro, April 18 (IANS) The brother of former Barcelona and AC Milan star Ronaldinho has been sentenced to five and a half years in jail after being ... Read more...

Posted in Sports |

Brazil moves to contain rise of real


March 2nd, 2012 - 12:10 pm ICT by IANS
Brasilia, March 2 (IANS/EFE) The Brazilian government announced Thursday that it is expanding the reach of a 6 percent tax on loans from abroad as part of steps to ... Read more...

Posted in Business |

Brazil predicts higher economic growth for 2012


December 21st, 2011 - 1:26 pm ICT by IANS
Rio De Janeiro, Dec 21 (IANS) Brazilian central bank president Alexandre Tombini said Tuesday the country's inflation rate will be lower and economic growth higher in 2012 than this year.In ... Read more...

Posted in Business |

Brazil cuts interest rate


October 20th, 2011 - 1:48 pm ICT by IANS
Rio De Janeiro, Oct 20 (IANS) The Brazilian Central Bank announced Wednesday it would cut the country's annual basic interest rate (Selic) by 0.5 percent to 11.5 percent.This is the ... Read more...

Posted in Business |

Panic in Latin America, trading suspended in Sao Paulo


October 7th, 2008 - 7:12 am ICT by IANS
Sao Paulo, Oct 7 (DPA) The global financial crisis unleashed panic Monday in the stock exchange in Sao Paulo, where trading had to be suspended twice, while markets in Buenos Aires and ... Read more...

Posted in Business |

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