Brazilian market analysts raised their forecasts for inflation and the Selic key interest rate for 2022 as increasing fuel and food costs plus resurgent demand for services are spiking prices as the pandemic seems to be coming to an end.
Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.
With public finances threatened, Brazil’s Real has suffered as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.
Brazil's Central Bank chief Roberto Campos Neto admitted on Thursday that the January interest fixing rate policy meeting release may have generated more confusion in financial markets, instead of more transparency in communications.
Brazil’s recent spike in inflation is temporary, central bank President Roberto Campos Neto said, adding, however, that policymakers are monitoring developments closely.
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 Economy Minister Paulo Guedes has no intention of resigning according to reports in the Sao Paulo media, in an attempt to quash rising speculation that political pressure for more public spending could force him to quit.
Brazil's central bank president Roberto Campos Neto said this weekend that Latin America's largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media.
Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear.
Brazil’s central bank intends to hold interest rates going forward to consider the impact of the record-breaking monetary easing cycle it concluded on Wednesday with a quarter-point cut.