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Marcela Ayres

Brazil launches 'Pix' instant payments system, Whatsapp to enter 'soon'

16 Nov 2020

BRASILIA Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook Inc and Google.

UPDATE 1-WhatsApp to provide peer-to-peer payments services in Brazil soon -central bank chief

16 Nov 2020

BRASILIA, Nov 16 WhatsApp, the messaging service of Facebook Inc, will soon enter the Brazilian market providing peer-to-peer (P2P) payment services, central bank president Roberto Campos Neto said on Monday.

UPDATE 1-Brazil cenbank weighing up FX action to prevent 'overhedge' volatility - director

06 Nov 2020

BRASILIA, Nov 6 Brazil's central bank is considering intervening in the foreign exchange market before the end of the year to minimize any potential disruption from large anticipated outflows related to banks' hedging activities, a central bank director said on Friday.

UPDATE 1-Brazil central bank could withdraw forward guidance even if spending cap intact -Campos Neto

05 Nov 2020

BRASILIA, Nov 5 Brazil's central bank could withdraw its "forward guidance" pledge to keep interest rates low for a long time even if the government honors its spending cap but uses creative ways to increase spending, central bank president Roberto Campos Neto said on Thursday.

UPDATE 1-Brazil's inflation spike is temporary but bears monitoring - cenbank chief

04 Nov 2020

BRASILIA, Nov 4 Brazil's recent spike in inflation is temporary, central bank President Roberto Campos Neto said on Wednesday, adding however, that policymakers are monitoring developments closely.

Brazil's government backs new basic income payments to poor

29 Sep 2020

BRASILIA Brazil's government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.

Brazil's rates curve a 'warning' spending must be tamed: treasury secretary

22 Sep 2020

BRASILIA Brazil's recent market volatility and a surge in borrowing costs are a "warning" that the government must rein in spending and get back on a more stable fiscal footing, the country's top treasury official told Reuters.

Brazil administrative reform to generate at least $57 billion savings over 10 years, economy minister says

09 Sep 2020

BRASILIA The Brazilian government's administrative reform proposals to simplify and reduce the cost of the public sector will generate at least 300 billion reais ($57 billion) of savings over the next decade, Economy Minister Paulo Guedes said on Wednesday.

UPDATE 1-Brazil central bank unveils sustainability agenda, will play greater role in policy

08 Sep 2020

BRASILIA, Sept 8 Brazil's central bank on Tuesday launched a "Sustainability" agenda that will further embed green and climate issues into its policies and decisions on currency reserves management, bank stress tests and lending criteria.

UPDATE 2-Brazil govt presents public sector reform bill, gives president sweeping powers

03 Sep 2020

BRASILIA, Sept 3 Brazil's government on Thursday presented to congress a constitutional reform bill aimed at simplifying and reducing the cost of its public sector, which it argues is too bloated and a major reason why the public finances are in such poor shape.

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