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By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Overcoming the negative effects caused by the eleven-day truckers strike in May, Brazil’s industrial production registered a growth of 13.1 percent in June according to data from the Monthly...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank lowered the country’s benchmark interest rate (SELIC) for the ninth consecutive time on Wednesday. The Monetary Policy Committee (COPOM) decided unanimously to lower the SELIC by 0.75...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank (CB) of Brazil forecasts that this year’s inflation will reach 6.5 percent, within the upper limit of the government’s established target (center at 4.5 percent). According to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank increased its forecast of annual inflation for this year, from a 6.9 percent forecast in June to 7.3 percent. The increase in inflation forecast is in the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank in Brazil has increased once again its forecast for inflation this year. According to the latest Quarterly Inflation Report, released on Thursday by the institution, inflation in...
By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL - Research from Banco Central (BC, or Central Bank of Brazil) shows that the projected growth of GDP has fallen, while forecasts for inflation rates has increased, indicating a persistent decline...
By Lucy Jordan, Senior Contributing Reporter BRASÍLIA, BRAZIL – Finance Minister Guido Mantega revised Brazil’s economic growth forecast for this year to two percent Thursday, from an earlier estimate of three percent. The downgrade comes as a response to...
By Lucy Jordan, Contributing Reporter BRASÍLIA, BRAZIL – Brazil cut its benchmark Selic interest rate to a record low of eight percent Thursday, in an attempt to boost an economy that has continued to falter in the face of various...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has made changes to the way in which the annual rate of interest is calculated on new deposits to the country’s national savings program. Analysts are...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has an announced an aggressive program of budget cuts totaling R$55 billion for 2012. The aim is to allow inflation to fall and to...
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