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Your email address will not be published.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

Peruvian Chief Says Brazil, Chile and Peru Are Alternative to Chavez’s Populism

Chile together with Brazil and Peru are the alternative to the state-managed economic model ...

Chinese in Brazil to See How Alcohol Fuel is Made

A Chinese mission will arrive in Brazil on Monday, April 11, to see the ...

Delta Closes US$ 400-Million Deal with Brazil’s Embraer

Embraer, Brazilian aircraft manufacturer, announced that Republic Airways Holding ordered another 16 units of ...

Brazil Gets Tough on Visas for Foreigners

Brazil’s Immigration Council has announced a series of changes in its norms. There will ...

Brazil Wins Another Round Against EU Trade Barriers

Brazil gained another victory in its war against protectionist barriers erected by the European ...

Brazil Wants to Ban Racism from Sports Fields

The Brazilian government will urge sports officials in Brazil and around the world to ...

Brazil Heads CIAT, World Body Reuniting Tax Offices from Americas and EU

The Secretary of Brazil’s Federal Revenue and Customs Secretariat, Jorge Rachid, starting Wednesday, April ...

Brazil Wants Digital TV That Will Cost Zip to the Consumer

Brazil’s Minister of Communications, Hélio Costa, will soon travel abroad to check on the ...

Women Head Half of Brazil’s Small Businesses

Brazilian women are beginning to discover a new field of opportunities. They currently head ...

Brazil Air Transportation Model Scares Investors and Keeps System Broken

As Brazil suffers with shortcomings in its airport infrastructure, the airport management business around ...