Brazil's current account ended 2013 at its widest deficit in 12 years amid a weakened foreign trade balance, heavy outgoing service payments, overseas profit remittances and an overall lack of confidence in the country's economic policies.
Brazil’s twelve-month inflation ended August at its lowest level this year, according to a central bank survey of fourteen economists. This means the 12-month IPCA consumer-price index is likely to weigh in at 6.10% for August, down from 6.27% at the end of July.
Brazil’s central bank raised the benchmark interest rate a third consecutive time and anticipated that the tightening cycle may be extended through the rest of the year as policy makers fight inflation.
President Dilma Rousseff reiterated she wouldn’t be influenced by The Economist magazine’s call for her to oust Finance Minister Guido Mantega after a growth report that fell short of government forecasts.
Brazil's central bank kept its key interest rate unchanged at 7.25% on Wednesday, ending a series of cuts since last year, as the world's sixth largest economy tries to contain inflation.
Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.
Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.
Brazil’s central bank cut its benchmark interest rate for the eighth straight time and signaled it will continue to lower borrowing costs, as spillover from a global economic slowdown limits inflation risks.
Weak growth in Brazil seems to be coming to an end, but there are still looming risks in the shape of inflation, credit risk and competitiveness, according to the latest outlook published by the Organization for Economic Cooperation and Development, OECD, on Tuesday.
The central bank remains independent and the current interest-rate cutting cycle is driven by specific economic factors, not pressure from President Dilma Rousseff, Brazil’s central bank President Alexandre Tombini said in an interview in the Sunday edition of O Estado de S. Paulo.