The Central Bank of Brazil’s proxy activity index drops in March in comparison to February

CentralBank

After increasing 1.37% in February, the Brazilian economy lost strength in March, falling by 0.44% according to the Central Bank’s Economic Activity Index (IBC-Br), in seasonally adjusted terms. Continue reading “The Central Bank of Brazil’s proxy activity index drops in March in comparison to February”

Economists expect inflation to dip below 4.0% in 2017, while forecast GDP increases to 0.50% – Focus Report

18739180033_e52a59d37c_z

Economists surveyed by the Central Bank of Brazil cut inflation forecasts below 4% for the first time this year. Continue reading “Economists expect inflation to dip below 4.0% in 2017, while forecast GDP increases to 0.50% – Focus Report”

Default rates in Brazil increase in March, the first rise in seven months

11707921855_fb0f3508f7_z.jpg

Defaults on loans in Brazil had a slight increase in March – the first time in seven months according to the Central Bank, as the effects of the recession continue to bite. Continue reading “Default rates in Brazil increase in March, the first rise in seven months”

Inflation to end the year at 4.04% in Brazil – Focus Report

18739180033_e52a59d37c_z

Brazilian financial analysts surveyed by the Central Bank of Brazil reduced their expectations for the Broad Consumer Price Index in 2017. Continue reading “Inflation to end the year at 4.04% in Brazil – Focus Report”

The Central Bank of Brazil considered a more aggressive rate cut according to Copom minutes

18925322325_d660e03bc6_z

The Central Bank of Brazil’s Monetary Policy Committee discussed cutting the Selic rate by more than 1% at its last meeting but scotched the idea due to current risks to economic stability. 

Continue reading “The Central Bank of Brazil considered a more aggressive rate cut according to Copom minutes”

Brazilian GDP up by 1.31% in February against previous month

CentralBank

Economic activity increased by 1.31% in February compared to the previous month in seasonally adjusted terms, according to the Central Bank’s Economic Activity Index (IBC-Br). Continue reading “Brazilian GDP up by 1.31% in February against previous month”

Brazilian analysts reduce inflation projections for 2017 and 2018 – Focus Report

18739180033_e52a59d37c_z

The Central Bank’s Focus Report reduced both expectations for inflation and GDP while the forecast for rate cuts remain constant. Continue reading “Brazilian analysts reduce inflation projections for 2017 and 2018 – Focus Report”