BRASILIA Brazil has not exhausted its monetary policy options but should be skeptical of reducing interest rates close to zero or printing money to buy bonds and finance the government deficit, central bank president Roberto Campos Neto said on Thursday.
BRASILIA, May 25 Brazil's government hopes to
borrow $4 billion from multilateral lending organizations to
finance expenses related to the coronavirus crisis, including
emergency supplementary payments and other social support
BRASILIA The mounting pressure on Brazil's workforce from the unfolding economic crisis during the new coronavirus outbreak was highlighted on Thursday as figures showed a 76% surge in formal unemployment insurance claims, and the Economy Ministry said it will increase emergency aid for informal workers.
BRASILIA Brazil stands ready to dip into its large pool of foreign exchange reserves and continue intervening in the currency market if needed, but any bond market intervention is likely to be far smaller in size, central bank President Roberto Campos Neto said on Wednesday.
BRASILIA Brazil's economic team is fully behind Economy Minister Paulo Guedes and his vision for the country, a senior ministry official said on Wednesday, insisting that reducing red tape and the cost of doing business in Brazil will be crucial to kickstarting the recovery.
BRASILIA, May 19 Brazil will finance emergency
crisis-fighting spending by selling debt of up to three years
maturity, beyond which borrowing costs start to get very high,
Treasury Secretary Mansueto Almeida said on Tuesday.
BRASILIA, May 14 Brazil's government could post
a record primary budget deficit of more than 9% of gross
domestic product this year on plunging revenues and increased
emergency spending due to the coronavirus crisis, Treasury
Secretary Mansueto Almeida said on Thursday.
BRASILIA Brazil's government lowered its 2020 economic outlook on Wednesday, forecasting a gross domestic product contraction of 4.7%, which would signal the country's biggest economic crash in more than a century.
SAO PAULO/BRASILIA Brazil is running short of hard currency needed to pay funds aimed at helping people impoverished by the coronavirus crisis, according to two sources and a document reviewed by Reuters, the latest blow to the country's troubled stimulus program.
BRASILIA The coronavirus is pushing Brazil toward food shortages and broader production problems, Economy Minister Paulo Guedes warned on Thursday, as he joined business leaders in a protest at the Supreme Court against measures enforced by state governors to repress the virus.