• Categories
  • Archives

As Expected, Brazil’s Key Interest Rate Drops to Still High 15.75%

Wednesday, April 19, Brazil’s equivalent of the Fed, the Monetary Policy Committee (Comitê de PolÀ­tica Monetária) (Copom), announced another reduction in the country’s key interest rate (known as the Selic).

The annual rate dropped from 16.50% to 15.75%. The decision was unanimous. The further lowering of the Selic was expected by the market.

The next meeting of the Copom will be in 45 days. In a note the Copom said it continues to closely monitor the macroeconomic scene in order to define its monetary strategy.

Central America Trade

In an ongoing effort to expand trade with Central American countries – Panama, Costa Rica, Guatemala, El Salvador and Honduras [Nicaragua] – and identify investment opportunities, Brazil’s Ministry of Development, Industry and Foreign Trade is sending a commercial mission to the region at the end of May.

They will be in Central America from May 28 to June 3. Some 50 business leaders will be part of an official delegation participating in negotiating rounds organized by the Brazilian Export Promotion Agency (Agência de Promoção de Exportações e Investimentos) (Apex-Brasil).

The talks will focus on the following areas: renewable energy sources – ethanol, biodiesel, solar and small hydroelectric power plants – civil construction, transportation, electricity and transmission lines, textiles and clothing, banking services, supermarkets, information technology, franchising and tourism.



  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Torture and Impunity Are Still the Norm Throughout Brazil

Brazilians, especially Indians and other socially excluded segments of the population, continue to suffer ...

Brazil’s Itaipu to Increase Capacity by 11%

By the beginning of October, the installed capacity of Brazil’s Itaipu hydroelectric complex will increase ...

Brazil Draws a Road Map for Its 10 Frontiers

The Brazilian government is studying the implementation of development policies for frontier regions. According ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Plays, movies & best-seller books PLAYS Rio O Burguês Ridículo (Ridiculous ...

Brazil’s Deadbeats Grow 13%

In comparison with June, consumer delinquency in Brazil was down 3.7% in July, maintaining ...

Weg Brazil to Start US$ 100 Million Expansion

The Brazilian maker of electric engines, Weg, should build a new production line in ...

Brazil Holds International Meeting on Food Security

The International Seminar on Food Security being held in Brazil is discussing nutritional education ...

Tupi or not Tupi or Only Cannibalism Unites Us Brazilians

“Every Brazilian, even the light skinned fair haired one carries about him on his ...

Mohammed VI, Morocco's king

Morocco’s Chancellor in Brazil to Deliver King’s Letter

Morocco's minister of Foreign Affairs and Cooperation, Mohammed Benaí¯ssa, arrives in Brazil today, March ...