Brazil’s National Treasury, Social Security and Central Bank ended March on the worst down note since record-keeping began in 1997.
An index that tracks the prices of goods sold by industry edged up in March. In February and in March of last year, there was deflation.
In March, Brazil’s external and domestic debt totaled BRL 3.2 trillion (USD 1.02 trillion) according to data made public by the National Treasure.
Brazil’s National Federation of Trade reports that consumption plans by families were down 0.5% in April from March.
Weekly Consumer Price Index decreased in the majority of the seven capitals surveyed between the first and the second weeks of April.
The Brazilian government changed its deficit target for next year from USD 25 billion to USD 41 billion, ministers announced today.
Brazil’s Extended National Consumer Price Index slid by 0.08 percentage point in March from February to the lowest rate on record for the month since 2012.
Total amount withdrawn from savings accounts exceed deposits for the third consecutive month, according to the Brazilian Central Bank.
The financial market believes the Selic, the benchmark interest rate, will drop tp 8.75% until the end of the year. Currently, it sits at 12.25%.
The Brazilian state-run Federal Savings Bank posted USD 1.3 billion in profit last year, down from USD 2.3 billion in 2015.
February saw Brazilian citizens spend USD 1.360 billion in trips to other countries, whereas foreign tourists disbursed USD 535 million in Brazil.
Official rate went up 0.15% in March. The price increase year-over-year is near the center of the established target of 4.5%.