Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.Add your comment!
The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.1 comment
Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.1 comment
Brazilian financial analysts slightly upgraded their growth forecast for 2020, from a 4.41% drop in gross domestic product (GDP) to a 4.4% drop, the Central Bank of Brazil reported.
Economic activity in Brazil rose in September for the fifth month, a central bank survey showed on Friday, more than economists had expected, pointing to a solid recovery in the third quarter from the worst of the COVID-19 shock earlier in the year.
Brazilian inflation in October rose to its highest level for that month since 2002, figures showed on Friday, driven by rising food and transport costs and lifting annual inflation to within sight of the central bank’s year-end target.
Brazil’s Senate voted overwhelmingly to approve a bill that would establish the autonomy of the central bank to reduce political interference in monetary policy and align the country with other major economies.
Brazil's central bank intervened in the foreign exchange market on Friday, selling dollars to ease heavy downward pressure on the real that had pushed the local currency closer to its all-time low against the dollar struck earlier this year.
Brazilian central bank president Roberto Campos Neto said he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a “non-issue.”
Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.