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Marcela Ayres

Brazil central bank studying 'residual' cut in Selic rate, says Campos Neto

09 Jul 2020

BRASILIA Brazil's central bank is studying recent data showing inflation is somewhat above expectations to see if there is room for a "residual" cut in interest rates, its president Roberto Campos Neto told Reuters.

Brazil central bank chief sees start of 'V-shaped' recovery, limited room for rate cuts

02 Jul 2020

BRASILIA Brazil's economy looks to have begun a "V"-shaped recovery from the worst of the COVID-19 crisis, central bank president Roberto Campos Neto said on Thursday, citing the latest energy, traffic and tax collection data as well as double-digit credit growth.

Brazil emergency aid for low-paid workers jumps to nearly $50 billion

02 Jul 2020

BRASILIA Brazil's emergency payments to low-paid, informal workers hit hard by the COVID-19 crisis stands at around 254 billion reais ($48 billion), more than double all 2020 discretionary spending, a senior Economy Ministry official said on Thursday.

Brazil revises 2020 fiscal outlook, sees 'lost decade' for national debt

02 Jul 2020

BRASILIA Brazil's government on Thursday revised its 2020 fiscal outlook, forecasting significantly higher debt and wider deficits due to the COVID-19 crisis, and said it will be over a decade before public debt falls back to last year's level.

Bolsonaro extends aid to Brazilians as jobs plummet, public debt soars

01 Jul 2020

BRASILIA Brazilian President Jair Bolsonaro on Tuesday signed a decree to extend emergency stipends to informal workers hit hard by the COVID-19 crisis, as official figures showed record deficits and mounting unemployment.

Brazil's Guedes sees public deficit above 15% of GDP, debt above 100%

30 Jun 2020

BRASILIA Brazil's national debt could top 100% of gross domestic product and the government's primary deficit will probably rise above 15% of GDP, Economy Minister Paulo Guedes said on Tuesday, as the coronavirus crisis blows a large hole in public finances.

Facebook, Cielo ask Brazil's antitrust watchdog to reverse decision on payments deal

29 Jun 2020

BRASILIA Facebook Inc and card acquirer Cielo SA have asked Brazil's antitrust watchdog Cade to reverse the suspension of an agreement they struck paving the way for WhatsApp to roll out a new payments system, according to a document.

UPDATE 2-Foreigners' holdings of Brazil bonds falls to 9.1% in May, lowest since 2009

24 Jun 2020

BRASILIA, June 24 Foreigners cut their holdings of Brazilian sovereign bonds in May to the lowest share since December 2009, official figures showed on Wednesday, even as financial market volatility and investors' risk aversion subsided.

Economist Funchal to become Brazil's next Treasury secretary - ministry

15 Jun 2020

BRASILIA Bruno Funchal, director of programs at Brazil's Economy Ministry, will become the next treasury secretary on July 31, the ministry said on Monday.

Bruno Funchal set to be named Brazil's next Treasury secretary, sources say

15 Jun 2020

BRASILIA Bruno Funchal, an official at Brazil's Economy Ministry, is set to be named the country's next treasury secretary, two sources with knowledge of the matter said on Monday.

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