Monetary Policy for Central Bank of Brazil and National Bank of Poland as on 3rd September 2014

Central Bank of Brazil maintains Selic Rate as on 3rd September 2014

National Bank of Poland maintains Refinancing Rate as on 3rd September 2014

Monetary Policy for #CentralBankOfBrazil and #NationalBankOfPoland as on 3rd September 2014

The Central Bank of Brazil maintains its #SelicRate at 11% per annum
Data compiled and released by Central Bank of Brazil

National Bank of Poland maintains #ReferenceRate at 2.5% per annum,
with #HeadlineInflation at -0.2% in July 2014.
Data compiled and released by National Bank of Poland

#Poland #MonetaryPolicy #NarodowyBankPolski #NBP
#BancoCentralDoBrasil #Brazil

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Brazil Central Bank raises rate for third time this year to 8.50 %

Brazil's central bank raised its benchmark Selic rate by another 50 basis points to 8.50 percent, as expected, to help bring inflation under control.
    It is the third consecutive rate rise by the Central Bank of Brazil, which has now raised rates by a total of 125 basis points this year. Last year the central bank cut rates by 375 basis points as economic growth fell.
    The decision by the central bank's monetary committee, known as Copom, was unanimous and the decision was not accompanied by a bias toward its next move.
    "The Committee considers that this decision will contribute to bringing inflation toward a decline and ensure that this trend will continue next year,"the central bank said in a brief statement.
    Brazil's inflation rate rose to 6.7 percent in June from 6.5 percent, above the central bank's target of 4.5 percent, plus/minus two percentage points.
    The central bank has forecast inflation of 5.7 percent this year and 5.3 percent in 2014.
    Brazil's Gross Domestic Product rose by only 0.6 percent in the first quarter from the fourth quarter for annual growth of 1.9 percent, up from 1.4 percent in the previous quarter.

Brazil raises rate for third time this year to 8.50 % - Central Bank News

for more details log on to Central Bank of Brazil website : http://www.bcb.gov.br/?english