Brazil's central bank president head Roberto Campos Neto said on Friday that cautious monetary policy is required during the current stage of the economic cycle. The next monetary steps continue to depend on how economic activity, inflation risks and expectations unfold, he said in a presentation posted on the central bank's website.
Economic activity in Brazil fell more than expected in December, a central bank indicator showed on Friday, tying in with other data suggesting Latin America's largest economy lost steam at the end of last year.
Brazil's central bank announced an auction on Friday of up to 20,000 contracts for currency swaps, offering up to $1 billion of these instruments. The central bank began selling currency swaps on Thursday for the first time since August 2018, when the Brazilian currency reached new historic lows of 4.38 reais per dollar.
The Brazilian real recovered slightly on
Thursday after the central bank intervened in the currency
market to ease selling pressure, while regional stocks came
under pressure as the number of ...
Mexico's central bank cut its benchmark interest rate for a fifth straight meeting on Thursday, lowering it 25 basis points to 7.0% as expected, amid a backdrop of a stagnating economy and slightly above-target headline inflation.
Brazilian President Jair Bolsonaro said on Thursday he had picked Army General Walter Braga as his chief of staff, replacing Onyx Lorenzoni, who will move to head the Citizenship Ministry.
MEXICO CITY-- The Bank of Mexico cut interest rates Thursday in its first monetary-policy meeting of the year as inflation remained close to its target and risks to economic growth increased. The board of governors voted unanimously to lower the overnight interest-rate target to 7% from 7.25% in a fifth consecutive quarter-percentage-point reduction. "The current levels of headline inflation, the inflation outlook within the time frame in which monetary policy operates, the...
Brazilian pulpmaker Suzano SA raised its estimates for cost savings from a merger with Fibria and said it expected higher pulp prices this year, sending shares up 3.7% in afternoon trading in Sao Paulo even as the broader market fell. Suzano's director Carlos Anibal said he expects a recovery in pulp prices this year after a 30% drop in 2019 caused by excess inventories in Asia.
Argentina inflation decelerated to 2.3% in January, the official statistics agency said on Thursday, well below analyst expectations for a 3.4% rise in a Reuters poll. The rate of inflation was also slower than in December when consumer prices rose 3.7%. The January data brought 12-month inflation to 52.9%. Argentina consumer prices rose 53.8% in 2019, the biggest increase in 28 years.
Mexico's central bank lowered its benchmark interest rate for a fifth straight meeting on Thursday, with a 25 basis point cut to 7.0%, citing a stagnating economy and in spite of inflation rising slightly above the bank's target.
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