Brazil's government will free up 12.5 billion reais for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report on Friday, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.
Boston Federal Reserve President Eric Rosengren on Friday said he might temper his opposition to interest rate cuts if he starts to see weakness in consumer spending. If you think the consumer is going to hold up its pretty hard to have a bad outcome, Rosengren said in answer to a question following a speech outlining his opposition to Wednesday's rate cut by the Federal Reserve.
Nigeria's central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Friday. Most analysts polled by Reuters had predicted the central bank would ease in September, though Emefiele has previously said the bank would maintain its tight monetary stance in 2019. Africa's largest economy and top crude oil exporter emerged from its first recession in 25 years in 2017.
Nigeria's central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Friday. Most analysts previously polled by Reuters had predicted the central bank would probably ease in September.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. The U.S. dollar erased earlier losses and rose on Friday after investors cut back short positions in the greenback as concerns about slower global growth prospects and political tensions boosted its safe-haven appeal.
* Aug exports fall 4% y/y, even with gold boost. * Rice exports plunge 45% y/y, deepest fall since mid-2012. * Strong baht hurt farm shipments - official. * Baht is Asia's top performing currency this year. By Orathai Sriring and Satawasin Staporncharnchai.
India is likely to receive above-average monsoon rains in 2019 for the first time in six years as seasonal rainfall continues longer than expected, two senior weather department officials told Reuters, in a boon for the country's cooling economy.
Greece's current account balance showed a slightly smaller surplus in July compared to the same month last year, as imports outpaced exports, the Bank of Greece said on Friday. Central bank data showed the surplus at 1.28 billion euros compared to a surplus of 1.31 billion euros in July 2018. Tourism revenues rose to 3.65 billion euros from 3.28 billion in the same month a year earlier.
* August nationwide core CPI +0.5%, matches forecast. * Index excluding oil, fresh food +0.6% in August. * Soft inflation adds pressure on BOJ to ease further. By Leika Kihara.
* August nationwide core CPI +0.5%, matches forecast. * Index excluding oil, fresh food +0.6% in August. * Soft inflation adds pressure on BOJ to ease further. By Leika Kihara.
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