Brazil’s central bank kept interest rates unchanged on Wednesday, as expected, refraining from hiking even after a sharp currency slide as policymakers highlighted the unclear impact of a nationwide protest by truckers in late May.
Capital Economics, a leading macroeconomic research company has announced the imminent opening of an office in New York. The office will be led by the firm’s Chief Emerging Markets Economist, Neil Shearing, who is relocating to the US from London.
Brazil grew at its fastest pace in 24 years in 2010, expanding 7.5% on strong consumer demand but other complementary data also showed the economy is feeling the strains of overheating.