Commodity prices up 5% in October

The price of commodities rose by 5.02% in October against the previous month. In the 12-month period ending in October, the Brazilian Commodities Index (IC-Br), measured monthly by the Central Bank (BC), went up 9.14%. The IC-Br is based on the variation, in Brazilian currency, in the prices of primary products negotiated overseas. In order […]

Brazil does not violate international trade standards

Brazil’s trade practices do not violate international standards and are consistent with market rules, said the Foreign Trade Secretary of the Ministry of Development, Industry and Foreign Trade (MDIC), Daniel Godinho, on Monday (Nov. 3). He was optimistic about the complaint the European Union brought against Brazil with the World Trade Organization (WTO). “Brazil is […]

Key interest rate increased to 11.25% p.a.

The Central Bank (BC) has adjusted Brazil’s key interest rate, the SELIC, for the first time in the past six months. By 5 votes to 3, the Monetary Policy Committee (COPOM) decided to raise it to 11.25% per annum, its highest level since November 2011 (11.5%). Since December 2011, the SELIC rate had been subsequently […]