Tag: Tulio Maciel
Tulio MacielBrazil loan delinquencies down; Rousseff wants lower rates from private banks
Loan delinquencies at Brazilian banks fell in March for the first time this year, a sign that households are reining in debt to get current on their obligations, central bank data showed on Wednesday.
Brazil record foreign direct investment more than compensates current account deficit
Brazil posted a record-high current account deficit in 2011 on rising profit remittances by multinational companies and massive spending abroad by Brazilian tourists, but the deficit was more than covered by another record, this time for foreign direct investment, the central bank said Tuesday.
Record DFI in Brazil narrows significantly current account deficit
Brazil's 12-month current account deficit narrowed in July on rising revenue from exports and strong foreign direct investment. The 12-month deficit declined to 47.9 billion dollars or 2.1%, of GDP, from 49 billion, or 2.2% of GDP in June, the central bank said Tuesday.
Brazil exceeds primary budget surplus target and keeps net debt under control
Brazil’s primary budget surplus exceeded expectations in May, providing additional support for the central bank in its efforts to cool the fastest inflation since 2005. The bank also revealed that net debt for May was 39.8% of GDP.
Brazil’s bank lending slows down as government curbs credit
Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.
Brazil’s strong currency fuels current account deficit in March
Brazil's current account deficit ballooned to a record for the month of March as foreign companies in Brazil sent more profits home and Brazilians spent more on travel and goods overseas.
