|
SELIC
The Sistema Especial de Liquidação e Custodia (SELIC) ''(Special System for Settlement and Custody)'' is the Brazilian Central Bank's system for performing open market operations in execution of monetary policy. The SELIC rate is the Bank's overnight rate The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. In some countries (the United States, for example), the overnight rate may be the rate targeted by the central bank .... References Banking in Brazil Monetary policy {{Brazil-econ-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brazilian Central Bank
The Central Bank of Brazil ( pt, Banco Central do Brasil) is Brazil's central bank. It was established on Thursday, 31 December 1964, a New Year's Eve. The bank is not linked to any ministry, currently being autonomous. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the (SUMOC), the Banco do Brasil (BB), and the . One of the main instruments of Brazil's monetary policy is the Banco Central do Brasil's overnight rate, called the SELIC rate. It is managed by Monetary Policy Committee (COPOM) of the bank. The bank is active in promoting financial inclusion policy and is a leading member of thAlliance for Financial Inclusion It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration. during the 2011 Global Policy Forum in Mexico. Since 25 February 2021, it is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overnight Rate
The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. In some countries (the United States, for example), the overnight rate may be the rate targeted by the central bank to influence monetary policy. In most countries, the central bank is also a participant on the overnight lending market, and will lend or borrow money to some group of banks. There may be a published overnight rate that represents an average of the rates at which banks lend to each other; certain types of overnight operations may be limited to qualified banks. The precise name of the overnight rate will vary from country to country. Background Throughout the course of a day, banks will transfer money to each other, to foreign banks, to large clients, and other counterparties on behalf of clients or on their own account. At the end of each working day, a bank may have a surplus or shortage of funds (or a shortage or excess reserves in fra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Market Operations
In macroeconomics, an open market operation (OMO) is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks. The central bank can either buy or sell government bonds (or other financial assets) in the open market (this is where the name was historically derived from) or, in what is now mostly the preferred solution, enter into a repo or Secured transaction, secured lending transaction with a commercial bank: the central bank gives the money as a Deposit (finance), deposit for a defined period and synchronously takes an eligible asset as Collateral (finance), collateral. Central banks usually use OMO as the primary means of implementing monetary policy. The usual aim of open market operations is—aside from supplying commercial banks with liquidity and sometimes taking surplus liquidity from commercial banks—to manipulate the short-term interest rate and the supply of base money in an economy, and thus indirectly control ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Brazil
This is a list of the banks in the Americas. Largest banks in the Americas The 15 largest banks in the Americas by total assets, as of 2019. Argentina See :Banks of Argentina Bahamas Central bank *Central Bank of The Bahamas Government-owned banks * Bank of The Bahamas International *Commonwealth Bank Commercial banks *Citibank * Fidelity Bank *Finance Corporation of The Bahamas *FirstCaribbean International Bank *Royal Bank of Canada *Scotiabank Barbados Central bank *Central Bank of Barbados Commercial banks Foreign-owned banks *CIBC FirstCaribbean International Bank * First Citizens **RBTT Bank Barbados limited; subsidiary of RBTT Financial Holdings Limited (RBTT) *RBC Financial Caribbean; branch of Royal Bank of Canada (RBC) *Scotiabank Development banks *Caribbean Development Bank (CDB) Belize Central bank * Central Bank of Belize Development bank * National Bank of Belize Limited Major privately owned banks * Belize Bank Ltd. * Scotiabank (Belize ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
