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Finance

13/03/2017 at 12:15h

Banks forecast lower inflation

Brazilian financial institutions believe inflation will be 4.19% this year, which is less than last week’s 4.36% estimate.

06/03/2017 at 13:27h

Inflation should end the year at 4.36%

Banks’ inflation forecasts for 2017 and 2018 remained the same. Next year’s inflation rate is expected to come at 4.5%. The forecast for the GDP signals a 0.49% growth.

02/03/2017 at 15:07h

Central Bank signals sharper rate cuts

The minutes from the latest meeting of the Monetary Policy Committee show a willingness to accelerate cuts in the benchmark interest rate, which is now 12.25% per annum.

20/02/2017 at 13:19h

Federal national debt down 1.9%

The domestic and foreign debt dropped to BRL 3.05 trillion in January from December, according to numbers from Brazil’s National Treasury Secretariat.

17/02/2017 at 13:11h

Overseas spending by Brazilians up 88%

Consumption during trips to other countries reached USD 1.5 billion in January, the Central Bank reported. In January of last year, expenditure had reached USD 840 million.

14/02/2017 at 18:57h

Non-locals accounted for 40% of ADX trading

Foreign investment amounted to USD 850 million worth of purchase operations in the Abu Dhabi Securities Exchange in January. Net foreign investment reached USD 110 million.

10/02/2017 at 18:25h

S&P upholds Brazil’s rating

Credit rating agency Standard & Poor's has kept the country two grades below investment grade. This has been Brazil’s score since February 2016.

08/02/2017 at 13:28h

Inflation in January the lowest since 1979

Brazil’s inflation rate reached 0.38% last month, the lowest for the month in almost four decades, according to the Brazilian Institute of Geography and Statistics (IBGE).

06/02/2017 at 18:49h

Savings withdrawals outpace deposits

The total amount withdrawn from savings accounts was USD 3.4 billion higher than the sum of deposits during January, the Brazilian Central Bank reported.

03/02/2017 at 19:21h

Demand for gold jewelry hits seven-year low

The World Gold Council (WGC) reported a 15% drop in consumption, to slightly over 2,000 tons. Demand for gold bars, in turn, increased by 2%.

03/02/2017 at 16:43h

Bankruptcy filings down in Brazil

There was a 31.3% drop in January from December and an 8.9% decline year-on-year, according to numbers from credit bureau Serasa Experian.

01/02/2017 at 18:46h

Foreign investment in Brazil declined

FDI was down 23% in the country and 13% worldwide last year, UNCTAD has reported. Its secretary-general expressed concern over reduced capital flows to industrial projects.