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Montevideo, January 7th 2025 - 15:38 UTC

Tag: Isaac Sidney

  • Saturday, January 4th 2025 - 00:32 UTC

    Third-largest ever outflow of dollars recorded in Brazil

    Sidney predicted that the Selic basic interest rate would rise to 15% until June to then go downwards

    A total of US$ 15.918 billion fled Brazil in 2024, which represented the third-largest annual leakage ever behind consecutive negative balances in 2019 (US$ 44.768 billion) and 2020 (US$ 27.923 billion), the Central Bank (BCB) reported this week. Last year's financial flow was negative by US$84.396 billion after outflows (US$ 674.385 billion) outpaced inflows (US$ 589.989 billion).

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