Tag: Guido Mantega

• Wednesday, May 18th 2011 - 16:28 UTC

  Brazil satisfied with measures to cut ‘torrential inflow’ of US dollars

  

  Brazil’s Finance Minister Guido Mantega said dollar inflows into the country have returned to a “reasonable” level, after the government took steps to stem a flood of foreign money.

• Friday, May 13th 2011 - 14:47 UTC

  Capital inflow to Brazil during April falls dramatically

  

  Brazil’s tax increase on foreign loans and debt sales to shield itself from the global currency war helped reduce by 88% the number of dollars that entered the country in April.

• Friday, May 13th 2011 - 14:03 UTC

  Brazil tightens requirements for car imports: Argentina and Asia targeted

  

  Brazil is tightening requirements for imports of cars in a move that sparked complaints from Argentina, its biggest supplier of the product. Imports to Brazil will need a special license that can take as long as 60 days to be approved, the Trade Ministry said in an e-mailed statement.

• Tuesday, May 3rd 2011 - 17:24 UTC

  US printing press is flooding the world with dollars, claims Mantega

  

  Testifying before Congress Brazilian Finance Minister Guido Mantega said that international commodity prices are behind much of the country’s rising inflation, but insisted the government will take action to keep prices in check and prevent the currency from strengthening too far too fast.

• Wednesday, April 27th 2011 - 08:34 UTC

  Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

  

  Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.

• Wednesday, April 20th 2011 - 02:27 UTC

  Brazil trusts the Fed will end liquidity program in July thus boosting the US dollar

  

  Brazil believes the impact of an undervalued US dollar which is appreciating other currencies such as the Brazilian Real, ‘won’t last long’ according to forecasts from Finance Minister Guido Mantega.

• Friday, April 8th 2011 - 23:30 UTC

  Brazil’s Real at a new high; investors brush aside government measures

  

  Brazil’s currency climbed again on Friday trading at its best levels in more than two years, as investors brushed aside another Brazilian government measure to limit credit consumption in an attempt to tame inflation.

• Thursday, April 7th 2011 - 18:05 UTC

  In spite of latest measures, Brazil’s ‘currency war’ looks set to rumble on

  

  If recent evidence is anything to go by, Brazil’s latest effort to stem the rise in the Real is unlikely to have a lasting impact on the markets, according to Capital Economics.

• Thursday, April 7th 2011 - 10:15 UTC

  Brazil’s latest effort to stem flood of capital and contain the ‘Mighty Real’

  

  Brazil unveiled Wednesday the latest effort to stem a flood of foreign capital that is driving the local currency sky-high and undermining the competitiveness of the country’s exports. Finance Minister Guido Mantega blamed the currency woes on the Federal Reserve policy that keeps US interest rates near zero.

• Tuesday, April 5th 2011 - 10:08 UTC

  Based on signs of greater fiscal restraint, Fitch raises Brazil’s credit rating to BBB

  

  Brazil’s credit rating was raised one level by Fitch Ratings, which cited the economy’s growth prospects and budget policy under President Dilma Rousseff.