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.
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.
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.
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.
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.
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.
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.
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.
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
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.