The Central Bank of Brazil reduced interest rates by 0.5 % this Wednesday, reaching the lowest level since 2023, when they remained at 13.75 %. Thus, the country maintains the basic interest rate of the economy (the Selic rate) at 10.75 % annually.
According to the regulator, “the decision to…
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Central Bank of Brazil
Brazil will launch its digital currency DREX in 2024
Brazil's digital currency (CBDC) will be launched in 2024. The country's Central Bank has indicated that its launch is scheduled to boost financial services.
The DREX CBDC will be based on “distributed ledger technology (DLT) to settle…
Bitcoin joins the digital real pilot program backed by the Central Bank of Brazil
The Central Bank of Brazil (BCB), the entity in charge of formulating monetary policies in the South American country, this week authorized the participation of Mercado Bitcoin, the exchange with the highest volume of operations at the…
Lula da Silva signs cryptocurrency law
The president of Brazil, Luiz Inácio Lula da Silva, signed the cryptocurrency law. It will enter into force on June 20, with the Central Bank as the regulatory entity.
The signing of the long-awaited law was carried out by the president of…
Central Bank of Brazil will maintain rates until inflation is controlled
The Monetary Policy Committee of the Central Bank of Brazil has defended its intention to maintain interest rates at the current level of 13.75 % for as long as necessary to control prices, for which reason it has asked for "serenity and…
Inflation in Brazil registers advance of 0.54 %
The National Consumer Price Index of Brazil registered an advance of 0.54 % in January, the greatest variation for this month since 2016 and more than double the data registered at the same month of 2021, as published by the Brazilian…
Central Bank of Brazil studies the creation of a cryptocurrency
The Central Bank of Brazil is studying the possibility of developing a digital currency, with the aim of creating a virtual digital extension of the Brazilian real to "accompany the dynamism of technological evolution of the Brazilian…
Inflation in Brazil rose to 0.93% in March
Inflation in Brazil accelerated by 0.93 % during the month of March, which is the highest figure for this month since 2015 when the national price index stood at 1.32 %, according to the Brazilian Institute of Geography and Statistics (IBGE…
Ripple and the Central Bank of Brazil discuss institutional issues
The company associated with the XRP cryptocurrency, Ripple, held an online meeting with the Central Bank of Brazil, on May 30, in order to adjust institutional matters. It was announced on the website of the financial institution where it…
Central Bank of Brazil reduces economic growth forecast
The Central Bank of Brazil reduced the forecast of growth of the Brazilian economy from 2.17% to 1.99% by 2020, which represents the fourth consecutive reduction of this projection, according to a statement.
Despite the reduction for this…
Brazil’s Central Bank will connect to cryptocurrency exchange houses
Focused on protecting the clients of the digital financial system, the authorities of the Central Bank of Brazil recently announced the creation of a blockchain platform to share the data between the directors of the institution and other…
Brazilian Central Bank favorable to cryptocurrencies
Committed to the technological advances and their potential benefits to the banking sector, the Central Bank of Brazil has changed its position towards digital money, cryptocurrencies and platforms based on blockchains.
Ilan Goldfajn,…