Edition:
India

Gabriel Ponte

UPDATE 2-Brazil tax revenue falls to lowest for June in 16 years

24 Jul 2020

BRASILIA, July 23 Brazil's federal tax take in June fell to a 16-year low for the month as the coronavirus crisis continued to bite, official figures showed on Thursday, although it rose from May, suggesting a trough may have been reached.

UPDATE 1-Brazil sets 2023 inflation target at 3.25%

26 Jun 2020

BRASILIA, June 25 Brazil's National Monetary Council, the country's highest economic policy body, on Thursday set the central bank's 2023 inflation target at 3.25%, with a tolerance margin of 1.5 percentage points on either side.

Brazil economy 'nowhere near' as bad as some think, official says

25 Jun 2020

BRASILIA, June 24 Brazil's economic decline this year will be "nowhere near" as bad as some forecasters think, a senior Economy Ministry official said on Wednesday, after the International Monetary Fund said it now sees a 9.1% contraction in the country's economy.

UPDATE 1-Brazil officials go on fiscal discipline offensive as markets wobble

19 Jun 2020

BRASILIA, June 18 Brazilian economy ministry and central bank officials on Thursday stressed the need for the government to stick to its fiscal rules and keep a tight control on public spending as soon as the COVID-19 crisis passes.

Brazil government's 2020 deficit forecast already looking 'optimistic': Treasury Secretary

06 Jun 2020

BRASILIA Brazil's official budget deficit target for this year of 10% of gross domestic product is already looking optimistic, Treasury Secretary Mansueto Almeida said on Friday, a sign of the huge pressure on public finances from the coronavirus crisis.

Brazil sells 18 billion reais short-term debt, biggest sale this year

23 May 2020

BRASILIA Brazil sold just over 18 billion reais ($3.2 billion) of short-term debt on Thursday, its biggest sale of the year and part of the government's strategy of borrowing at the short end of the curve, Treasury Secretary Mansueto Almeida said on Friday.

UPDATE 1-Brazil's Guedes says weak FX due to low interest rates 'absolutely natural'

20 Feb 2020

BRASILIA, Feb 20 Brazil's Economy Minister Paulo Guedes said on Thursday that a weaker domestic currency should come as no surprise, given that interest rates have fallen so much, and said he was confident that economic growth will exceed 2% this year and beyond.

UPDATE 2-Brazil's Campos Neto says central bank ready to intervene in FX again if required

19 Feb 2020

BRASILIA, Feb 18 Brazil's central bank president, Roberto Campos Neto, said on Tuesday the bank is ready to intervene in the foreign exchange market to address illiquidity or excessive market moves in the local currency, the real, as it did last week.

Brazil looks to smooth impact of oil price spikes: minister

07 Jan 2020

BRASILIA Brazil's government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, reviving questions about the state oil firm's independence in setting fuel prices.

UPDATE 1-Brazil looks to smooth impact of oil price spikes - minister

07 Jan 2020

BRASILIA, Jan 6 Brazil's government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, reviving questions about the state oil firm's independence in setting fuel prices.

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