Trends - Brazil central bank - Business Recorder

Brazil central bank

Brazil central bank raises interest rate by 1 point to 6.25%: official

The move, which was unanimously agreed upon by the bank's Monetary Policy Committee, was in line with analysts' expectations

Published 23 Sep, 2021 09:40am

Business & Finance

Brazil central bank discussed more aggressive rate hike at last policy meeting: minutes

"The Committee evaluated a quicker reduction of monetary stimulus already on this meeting," the minutes read.
"The Committee decided that the best strategy would be to maintain the current pace of stimulus reduction but highlighting the possibility of a quicker adjustment in the next meeting."

Published 22 Jun, 2021 05:36pm

Markets

Brazil central bank to raise 2021 GDP growth forecast towards 4pc

Campos Neto also said he anticipates a huge acceleration in Brazil's COVID-19 vaccination program in June.

Updated 24 May, 2021 11:04pm

Business & Finance

Brazil inflation rises to multi-year high

BRASILIA: Brazilian consumer inflation rose to new multi-year highs in the month to mid-March, statistics agency ...

Updated 26 Mar, 2021 09:26am

World

Brazil inflation tops 5pc for first time in four years, rate hike likely

The central bank was already expected to deliver the first increase in Brazilian interest rates since 2015 at its March 16-17 meeting.
"While we've penciled in a 50bp rate hike to 2.50%, these data make a larger rise of 75bp increasingly likely," he said.

Updated 11 Mar, 2021 10:01pm

Markets

Brazil central bank intervenes in FX, sells $1bn as real slides further

Tuesday's $1 billion sale, taking central bank intervention since Thursday to over $4 billion, came as pressure on Brazilian assets intensified after President Jair Bolsonaro eliminated certain fuel taxes and increased a tax on banks.
There's a (market) crisis of confidence in the government, and we have negative rates.

Published 02 Mar, 2021 08:06pm

Business & Finance

Brazil bank lending spreads widen to 23.4pc points in January: central bank

The amount of outstanding loans in Brazil remained steady in the month at 4 trillion reais ($736 billion) and over the last 12 months loan growth accelerated 16%, the central bank said.

Updated 25 Feb, 2021 05:45pm

World

Brazil's 2021 inflation outlook climbs to new high, above central bank target: survey

The average forecast for IPCA consumer price inflation at the end of this year rose to 3.8% from 3.6%, according to the latest weekly 'FOCUS' survey of over 100 economists.
The average inflation forecast over the next 12 months rose to 3.8% from 3.7%. The central bank's end-2022 goal is 3.50%.

Published 22 Feb, 2021 06:56pm

World

Brazil govt debt ends 2020 at record high 89.3pc of GDP

The public sector deficit in December excluding interest payments was 51.8 billion reais ($9.5 billion), the central bank said, close to the 51.5 billion reais median estimate in a Reuters poll of economists.
The nominal deficit in December including interest payments widened to 75.8 billion reais, the central bank said, resulting in an annual deficit of 1.02 trillion reais, or 13.7% of GDP.

Published 29 Jan, 2021 07:43pm

World

Brazil rate outlook rises after central bank drops forward guidance: survey

The 2021 outlook is the highest since last June, and the 2022 forecast is the highest since last August.
The FOCUS survey on Monday showed that 2021 inflation forecasts edged up to 3.50% from 3.4%.

Published 25 Jan, 2021 07:05pm

World

Brazil inflation ends 2020 at 4.5pc, above target and highest in four years

It was the second month in a row the benchmark annual IPCA consumer inflation rate has been above 4%.
The annual rate of 4.5% in December exceeded the 4.4% median forecast in a Reuters poll of economists and was higher than the central bank's year-end goal of 4.00%.

Published 12 Jan, 2021 06:50pm

World

Brazil rate outlook rises, even as inflation expectations hold: central bank survey

The average forecast of the benchmark Selic rate at the end of this year rose to 3.25% from 3.00%, and the end-2022 forecast rose to 4.75% from 4.50%.
The 2021 outlook is the highest since last June, and the 2022 forecast is the highest since last August.

Published 11 Jan, 2021 05:33pm

Markets

Brazil central bank intervenes in spot FX market, sells $530 million

Policymakers had said last month they would intervene if the market was unable to absorb expected year-end outflows as local banks unwound their so-called overhedge position.

Published 29 Dec, 2020 01:22am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.25 ▲ 0.15 (13.64%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.66 ▲ 0.47 (11.22%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.83 ▲ 0.27 (10.55%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.20 ▲ 0.40 (10.53%)
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	7.78 ▲ 0.67 (9.42%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.27 ▲ 0.35 (8.93%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
Saif Textile / Dec 11 Saif Textile Mills Limited(SAIF)	10.63 ▼ -0.86 (-7.48%)
First Tri-Star Mod. / Dec 11 First Tri-Star Modaraba(FTSM)	13.88 ▼ -1.12 (-7.47%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.30 ▼ -0.50 (-7.35%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.11
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.53
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	57,947,000 ▲ 0.47
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	56,801,500 ▲ 0.71
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	51,505,500 ▲ 0.67
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.14
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	39,895,934 ▼ -1.68
Telecard Limited / Dec 11 Telecard Limited(TELE)	34,394,419 ▲ 0.40

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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