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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - For the seventh consecutive meeting, the Brazilian Central Bank’s Monetary Policy Committee (COPOM) decided to leave the benchmark interest rate (Selic) unchanged at 14.25 percent per year. Due to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Financial analysts have increased once again inflation forecasts for this year and next. According to the latest Focus Survey, released by the Central Bank, Brazil’s IPCA (Consumer Price Index) will...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - The government has just submitted to Congress its proposed Budget for 2016, together with the obligatory four year plan through 2019. The plan presumes a growth rate of 0.2 percent in...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The recent decline of international petroleum prices to a range between US$50-60 per barrel may bring benefits to the Brazilian trade balance, says Central Bank President Alexandre Tombini. Speaking on...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After weeks of speculations, the new economic team to lead Dilma Rousseff’s administration in its second term was announced on Thursday: Joaquim Levy will take over as Brazil’s new Finance...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – Market growth forecasts for Brazil’s GDP (gross domestic product) in 2012 have been cut dramatically for the fourth time in as many weeks, from last week's prediction of 1.27 percent to...
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