Jamie McGeever

LatAm's big two central banks warn of weakening growth, inflation outlook

1:05am IST

BRASILIA/MEXICO CITY The heads of the Mexican and Brazilian central banks said separately on Wednesday that sluggish global and domestic economic growth is putting downward pressure on inflation, suggesting that interest rates in both countries will be cut again soon.

Latin America lacks ammunition to fight global economic slowdown

21 Aug 2019

BRASILIA As policymakers around the world scramble to prevent an economic slowdown from morphing into a global recession, Latin America's largest countries may find the growth-boosting arsenal at their disposal is worryingly scarce.

Hedge funds, speculators U-turn on bullish Brazilian real bets

17 Aug 2019

BRASILIA, Aug 16 Hedge funds and speculators on U.S. futures markets have almost completely wound down their bets that the Brazilian real will rise in value, weekly data from the U.S. Commodity Futures Trading Commission showed on Friday.

Brazil's foreign exchange move paves way to reduce $385 billion reserve stash

16 Aug 2019

BRASILIA Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said.

UPDATE 1-Brazil to sell dollars outright for first time since 2009

15 Aug 2019

SAO PAULO/BRASILIA, Aug 14 Brazil's central bank said on Wednesday it would sell dollars outright in the spot currency market this month for the first time in over a decade, changing its regular market operations in response to rising demand for liquidity.

UPDATE 2-Brazilian markets battered by global storm, Bovespa slides nearly 3%

15 Aug 2019

BRASILIA, Aug 14 Brazilian financial markets slumped on Wednesday, with stocks posting their biggest fall since March and the currency at its weakest level since May as fears grew that a recession in the United States could be on the horizon.

Argentina another cloud on darkening LatAm investment outlook

13 Aug 2019

BRASILIA Latin America's investment climate is gradually deteriorating, with a buildup of recession fears across the region being compounded by market turbulence from the U.S.-China trade war and now a sudden shock of political instability in Argentina.

Brazil economic activity index falls in second-quarter, pointing to recession

12 Aug 2019

BRASILIA Economic activity in Brazil fell slightly in the three months to June, a central bank indicator showed on Monday, suggesting Latin America's largest economy may have slipped into recession.

Brazil central bank cuts rate to new low, sees room for more

01 Aug 2019

BRASILIA Brazil's central bank cut its benchmark interest rate to a new low of 6.00% on Wednesday, an aggressive first move in a widely anticipated easing cycle to inject life into a moribund economy and prevent inflation from slipping too far below target.

Brazil central bank seen cutting interest rates to fresh low

31 Jul 2019

BRASILIA Brazil's central bank is widely expected to cut its benchmark interest rate to a record low on Wednesday, although economists are divided on the pace and depth of an easing cycle aimed at shoring up a sputtering economy.

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