logo_anba_en logo_camera_en

Central Bank keeps GDP forecast and revises down inflation estimate

22/06/2017 at 19:08h

Brasília – The Brazilian Central Bank (BC), in its Inflation Report, made public this Thursday (22) in Brasília (DF), kept its forecast for the Brazilian Gross Domestic Product (GDP) unchanged at 0.5%. Meanwhile, the inflation forecast was revised down 0.2 percentage point over March’s report – by the BC’s estimative, it will end the year at 3.8% in all possible exchange rate and interest rates scenarios analyzed by the bank’s experts.

Via Agência Brasil. Translated by Sérgio Kakitani

Stock exchange, dollar remain flat

21/06/2017 at 20:19h

São Paulo – The São Paulo Stock Exchange (Bovespa) and the foreign exchange market closed virtually flat this Wednesday (21) from the day before. Ibovespa, which is Bovespa’s main index, slid marginally by 0.01% to 60,761.74 points. The US dollar was selling for BRL 3.333 by closing time, up 0.05%.

This came in stark contrast with the major fluctuations seen on Tuesday, as Ibovespa dropped by 2.01% and the dollar climbed by 1.4% over Monday.

Translated by Gabriel Pomerancblum

Brazil created 34,000 new jobs

20/06/2017 at 17:49h

Brasília – In May, the Brazilian market has created 34,253 new jobs, according to data from the General Register of Employed and Unemployed Persons (CAGED) made public this Tuesday (20) by the Ministry of Labor. It’s the second consecutive month, and the third time in the year, that the country creates more jobs than it closes. Year-to-date, CAGED counts 48,543 jobs created.

Via Agência Brasil. Translated by Sérgio Kakitani

Development Bank provides credit to wind farms

19/06/2017 at 16:52h

Rio de Janeiro – the Brazilian Development Bank (BNDES) approved BRL 1.037 billion worth of financing for the construction of three wind farms in the states of Bahia and Ceará, with a total capacity of 311.3 megawatts (MW). The loan-takers are the groups EDF, ENEL, and Aliança, the latter of which is a subsidiary of Vale and of Cemig Geração e Transmissão.

Via Agência Brasil. Translated by Gabriel Pomerancblum