Brazil's central bank kept its key interest rate at a record-low 2.00% on Wednesday for a fourth meeting, as expected, but removed its "forward guidance" to keep borrowing costs low for a long time, as inflation expectations have risen toward target.
Brazil's central bank kept its key interest rate at a record-low 2.00% on Wednesday for a fourth meeting, as expected, but removed its "forward guidance" to keep borrowing costs low for a long time, as inflation expectations have risen toward target over the next two years.
Brazil's foreign minister, Ernesto Araujo, said on Wednesday he still could not provide a timeline when new coronavirus vaccine doses would arrive from India and China, raising concern in a country that is lagging others in vaccinating its people. Brazil is waiting for a shipment of AstraZeneca (AZN) vaccines from India and a shipment of Sinovac vaccines from China.
The Brazilian real traded higher on
Wednesday as investors awaited a statement from the central bank
on the direction of monetary policy, while Chile's peso tracked
its best day in nearly eight ...
The Brazilian real traded higher on
Wednesday as investors awaited a statement from the central bank
on the direction of monetary policy later in the day, while most
other Latin American currencies ...
Economic activity in Brazil rose in November for a seventh straight month, a central bank survey showed on Monday, slightly more than economists had expected although it was the smallest increase during that growth streak. This suggests the solid recovery from the worst of the COVID-19 shock earlier last year continued to slow going into the fourth quarter.
Economic activity in Brazil rose a seasonally-adjusted 0.59% in November, a central bank indicator showed on Monday, slightly more than the 0.5% forecast in a Reuters poll of economists but the smallest of seven consecutive monthly increases.
Brazil's real snapped a three-day winning
streak on Friday after the country reported its first decline in
retail sales in seven months, although the currency was set to
outperform its Latin ...
Brazil's real bucked a three-day winning
streak on Friday after data showed the first decline in retail
sales in seven months, although the currency is set to
outperform its Latin American peers ...
SÃO PAULO--Brazil retail sales fell slightly in November as shoppers spent less at supermarkets and hypermarkets and cut back on purchases of new furniture and home appliances. Sales fell a seasonally adjusted 0.1% in the month, the first decline in seven months, and rose 3.4% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Thursday. In October, sales climbed a revised 0.8% in the month and rose a revised 8.4% from a year earlier.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
