The United States currency was selling for BRL 3.422 at the end of this Wednesday in Brazil, down 0.56%. São Paulo Stock Exchange Index Ibovespa gained 1.85%.
The purchase of new aircrafts, execution of infrastructure projects and payment of bonds reduced the Arab airline’s profit to USD 364 million in the first six months of the 2016-2017 fiscal year.
Prices went up 0.26% in October, the lowest rate for the month since 2000. In twelve months, inflation is at 7.87% according to the Institute of Geography and Statistics (IBGE).
The amount withdrawn from savings accounts was higher than the total deposited for the tenth straight month, this time by USD 838 million, according to the Brazilian Central Bank.
Financial institutions polled by the Brazilian Central Bank have kept their 2016 inflation estimate level at 6.88%. The projection for next year dropped 5% to 4.94%.
The parties will share information and mutually collaborate for the development of deals, products and markets.
The Central Bank liberalized the exchange rate and the Egyptian pound is now fluctuating freely against the dollar. The goal is to end the foreign currency shortage.
Brazil’s federal, states and local governments saw the widest deficit for a September since the Central Bank began keeping records. The September 2015 deficit had been USD 2.2 billion.
The country saw USD 2.5 billion in net US dollar inflows in October, ending a five-month run of net outflows. The Law on Repatriation of Funds was a factor.
A poll of Brazilian financial institutions shows expected rates of 6.89% this year and 5% in 2017. Last week had seen higher forecasts.
Financial institutions polled by the Brazilian Central Bank believe the benchmark rate will be slashed following a meeting this week. The rate is seen ending this year at 13.5% and the next one at 11%.
A bilateral agreement signed last week allows the country to make loans to the Fund if needed.