Central Bank of Brazil


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Central Bank of Brazil

The organization charged with issuing currency and regulating monetary policy. It is responsible for printing the Brazilian rial and for setting the overnight loan rate known as the SELIC. The Central Bank is informally called the Bacen. It was established in 1964.
References in periodicals archive ?
The central bank of Brazil has announced that it has hiked its interest rates.
63 billion) to enhance lending and boost liquidity, the Central Bank of Brazil has announced a reduction in reserve requirements.
With the objective of providing currency hedging to economic agents and liquidity to the currency market, the central bank of Brazil will start, from this Friday, a programme of currency swap auctions and the sale of dollar repurchase agreements," the central bank said.
The Governor of the Central Bank of Brazil, Alexandre Tombini said: "Past crises suggest you have to confront the problems in a fast, consistent manner .
Fraga was the president of the Central Bank of Brazil and later founded Gavea Investimentos, an asset management company that was sold to an affiliate of J.
Brazil's economy is already moving upward after a year of recession as shown by rising levels of consumer confidence, higher car sales, and an expansion of consumer credit, according to recent statistics from the Central Bank of Brazil.
The Central Bank of Brazil uses a variety of statistical methods to measure potential output.
To develop a deeper understanding of price mechanisms in Brazil, and the persistence of inflation, the Central Bank of Brazil (BCB) studied prices from 1996 through 2006.
Sponsoring organizations are the following: Bank of Algeria, National Bank of Belgium, Central Bank of Brazil, Bank of Canada, People's Bank of China, Bank of England, European Central Bank, Bank of France, Deutsche Bundesbank, Bank of Greece, Hong Kong Monetary Authority, Central Bank of Iceland, Bank of Italy, Bank of Japan, Netherlands Bank, Norges Bank, Bank of Portugal, Central Bank of Russian Federation, Monetary Authority of Singapore, Bank of Spain, Sveriges Riksbank, Swiss National Bank, Central Bank of Turkey, Federal Reserve Board, and Bank for International Settlements.
Arminio Fraga Neto, Gavea Investimentos, and former President, Central Bank of Brazil
NEW YORK & SO PAULO -- Lazard Ltd (NYSE: LAZ) today announced that Henrique Meirelles, former President of the Central Bank of Brazil, has been appointed Chairman, Lazard Americas, effective immediately.
The central bank of Brazil is said to be considering a plan to free up capital for mortgage lending.

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