Central Bank of Brazil

(redirected from Brazilian Central Bank)

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 establishment of the Brazilian Central Bank is the result of a maturation process.
The acquisition has been authorised by the Brazilian president and has regulatory approval from the Brazilian Central Bank. Following the acquisition, moneycorp holds a 90% majority interest in Novo Mundo.
Fitch does not expect that ABCBr will have any difficulty adjusting to the full implementation of Basel III according to the Brazilian Central Bank's timetable.
The central bank of Argentina raised interest rates to 40 percent, and the Turkish central bank followed suit, raising its interest rates to 17.75 percent, while the Brazilian central bank intervened by selling foreign currencies to counter the Real losses.
Moreover, as Argentina's $50 billion IMF funding package and the failure of the Brazilian central bank's intervention demonstrates, the selling in emerging market currencies has not abated.
BRASILIA (CyHAN)- The Brazilian Central Bank' s Monetary Policy Committee (Copom) announced on Wednesday night their decision to maintain the country' s key interest rate at 14.25 percent.
The US National Security Agency also spied on several Brazilian Finance Ministers and even the Governor of the Brazilian Central Bank, it appears from the release.
In Sydney, Brazilian central bank President Alexandre Tombini said Yellen "herself said that obviously they are looking at the international situation to define their policies.'' He was speaking to reporters after the G-20 meeting.
The Brazilian Central Bank said Brazilians spent a record $18.6 billion abroad in 2013, up from $17.4 billion the year before that.
Saxo Bank is expanding its Latin American footprint by opening a new office in Sao Paulo, Brazil after being granted a licence by the Brazilian central bank.
The Brazilian central bank expects the economy to expand by 3.1 percent this year, while Mantega still believes GDP growth could top 4 percent.

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