close
This ad will auto close in 10 seconds

Brazil lifts key rate 0.5 points to 11.75%

Brazil`s central bank on Wednesday raised its key interest rate by 50 basis points to 11.75 percent, surprising many analysts who had expected a rise of just a quarter percentage point.

Brazil lifts key rate to 11.25%

Brazil`s central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff`s re-election as president.

Brazil economic activity falls in December

Brazilian economic activity fell for the second straight month in December, declining 1.35 percent relative to November, the central bank said in a report Friday.

Brazil's economic outlook worsens

For the next year, they lowered their growth forecast from 2.6 percent to 2.5 percent.

Brazil's economy grows 0.60% first quarter

Brazil's economy grew 0.60 percent in the first quarter of 2013, compared with the final quarter of last year, the government said.

Brazil stimulates construction to spur economy

The measures include tax breaks for the sector, reduced labour costs and very low-cost loans.

Brazil's economy grows at fastest clip in 15 months

Brazil's economy expanded by 0.75 percent in June relative to the previous month as tax breaks stimulated growth, the central bank said.