Tag: Brazilean Central Bank

• Monday, April 28th 2014 - 08:42 UTC

  Brazil's current account deficit climbs to 3.6% of GDP during March

  

  Brazil's current account deficit narrowed in March after an improvement in the trade balance, but it was still the second largest on record for that month, central bank data showed. The country posted a current account deficit of 6.248 billion last month, down from 7.445bn in February.

• Monday, December 16th 2013 - 09:30 UTC

  Brazilian economy walking on “two crippled legs” argues Minister Mantega

  

  The Brazilian economy is walking with “two crippled legs” according to Finance Minister Guido Mantega who put the blame on the effects of the international slowdown with different rates of recovery, and the lack of credit to prop consumer spending.

• Thursday, October 3rd 2013 - 19:17 UTC

  Moody’s lowers Brazil’s credit rating to stable from positive: rising debt and weak growth

  

  Brazil’s currency Real declined from its highest level in two weeks after Moody’s Investors Service cited rising debt and weak growth in lowering its outlook on the country’s credit rating to stable from positive.

• Thursday, September 26th 2013 - 06:39 UTC

  Brazilian industry forecasts higher GDP growth this year: 2.4%

  

  The Brazilian industrial federation on Wednesday upped its 2013 growth forecast to 1.4% from 1% and its GDP growth projection from 2% to 2.4%. But, despite the better data, the National Confederation of Industry (CNI) urged caution. “The improved economic outlook is no guarantee of a strong growth rate,” it said.

• Tuesday, September 24th 2013 - 08:07 UTC

  Brazil will continue with the 60bn dollar currency intervention program: ‘it’s working adequately’

  

  Brazil’s central bank chief Alexandre Tombini said on Monday policy makers will continue with their 60 billion dollars currency intervention plan, even after the Real rallied more than any other currency in the world as a consequence of the surprise announcement from the US Fed that for the moment it will not taper the bonds’ buying program to stimulate the US economy

• Saturday, August 31st 2013 - 02:01 UTC

  Sigh of relief for Mantega: Brazilian economy expands 1.5% in second quarter

  

  Brazil’s economy expanded 1.5% in the second quarter of 2013 compared with the previous three month, exceeding the most optimistic market expectations, official statistics showed Friday. The farm sector fared best, growing 3.9%, followed by industry with 2% and services 0.8% according to the Brazilian Institute of Geography and Statistics (IBGE) website.

• Monday, August 26th 2013 - 02:22 UTC

  Brazil's current account deficit doubles in July from a year ago

  

  Brazil's current account deficit more than doubled in July from a year ago, according to the latest Central bank data. The gap reached 9.08 billion dollars in July, while a year ago the deficit was 3.75bn dollars.

• Friday, August 2nd 2013 - 03:33 UTC

  Brazil June public accounts improve supported by state and local governments’ surpluses

  

  Brazil's twelve-month public sector primary budget surplus widened in June amid a robust surplus from state and local governments, helping bring the country's nominal deficit slightly narrower.

• Tuesday, July 23rd 2013 - 07:54 UTC

  Despite papal blessings, Brazil further cuts spending and growth forecast

  

  Brazil is cutting spending for the second time in two months to help meet its fiscal target as it forecasts slower growth this year which was also confirmed according to the latest Central Bank survey. The economic data was announced while Brazil had its eyes and ears in Rio do Janeiro to receive Pope Francis.

• Friday, June 14th 2013 - 23:17 UTC

  Brazil pumps more consumer credit lines trying to bolster the economy

  

  The administration of President Dilma Rousseff will hand out 17 billion Reais (8 bn dollars) in cheap loans for home appliance purchases it was announced this week, a further attempt bolster Brazilians' buying power as an anemic economy and high inflation erode its approval rating.