BRASILIA, April 25 Brazil's Economy Ministry on
Thursday raised its projected savings from its pension reform
bill over the next decade to 1.237 trillion reais ($312
billion), well above the "minimum" 800 billion reais President
Jair Bolsonaro said he expects.
BRASILIA, April 25 Brazilian consumer price
inflation rose to its highest in two years in mid-April, led by
price increases in the transport and food and drink sectors,
government statistics agency IBGE said on Thursday.
BRASILIA Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government's struggle to build support for its signature reform policy.
BRASILIA, April 24 Brazilian markets slumped on
Wednesday, a day after a planned pension overhaul cleared a
congressional hurdle following a lengthy debate that highlighted
the government's struggle to build support for its signature
BRASILIA Brazilian markets rose on Tuesday after the path was cleared for a congressional committee vote on pension reform, a sign that the government is finally getting political backing for the most important element of its economic reform agenda.
BRASILIA Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
NEW YORK Brazil's pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.
Brazilian Economy Minister Paulo Guedes said on Wednesday he is "optimistic" that Congress will pass a pension reform bill that will generate savings of 1 trillion reais ($261.68 billion) over 10 years, in line with the government's ambitious proposal.
NEW YORK Pension reform in Brazil that delivered savings of up to 700 billion reais ($183 billion) over the next decade might be acceptable for investors, but not the government, Treasury Secretary Mansueto Almeida said on Wednesday.
NEW YORK Brazil's central bank is focused on keeping inflation under control, not targeting growth, even though the economic recovery has undershot expectations and risks remain to the downside, central bank chief Roberto Campos Neto said on Wednesday.