The value of the currency of Brazil is expected to close at BRLI0.78 against the dollar. Click on the button below to get started.

Central bank cut key rate to record low of 2% on Wednesday Yet policy makers are also monitoring the risk that the unprecedented level of public spending during the crisis could be extended into next year.“The central bank left the door open to more easing in language that points to a cut of a maximum of 25 basis points,” said Banco MUFG The coronavirus has forced President Jair Bolsonaro’s administration to postpone plans to cut debt and boost fiscal accounts. A medical worker takes care of a Covid-19 patient inside the Semi-intensive Care Unit at a hospital in Sao Paulo, on July 24. The National Monetary Council has set Brazil inflation target at 4.5% for the year 2007. Brazil’s central bank said it may consider another small cut to its key interest rate to boost an economy ravaged by the coronavirus, depending on prospects for public finances and inflation. Consumer prices remain subdued as rising unemployment and the ongoing virus outbreak keep demand in check. The acceleration was primarily driven by rising prices for transportation. Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2020 at 1.7%, which is down 0.2 percentage points from last month’s forecast. Policy makers wrote in an accompanying statement that recent indicators point to just a partial recovery, and warned that more government spending in response to the pandemic risks faster-than-expected inflation.Brazil's economy shrinks on effects of virus outbreak“The remaining space for monetary policy stimulus, if it exists, should be small,” policy makers wrote in the statement. The same target has been maintained for the year 2008. A medical worker takes care of a Covid-19 patient inside the Semi-intensive Care Unit at a hospital in Sao Paulo, on July 24. Brazil’s annual inflation rate tumbled more than expected in May to the lowest in 10 years, data showed, underscoring bets on new interest rate cuts and a lower inflation target. That is 0.17 more than it was in December 2018 and 0.03 more than in January 2018. Monthly inflation rate in Brazil was 0.32% in January 2019. Brazil’s central bank said it may consider another small cut to its key interest rate to boost an economy ravaged by the coronavirus, depending on prospects for public finances and inflation.The bank led by President Roberto Campos Neto on Wednesday lowered the benchmark Selic rate to an all-time low of 2% in an easing cycle that’s shaved 450 basis points off borrowing costs. Consumer prices increased a seasonally-adjusted 0.36% in July over the previous month, accelerating from the 0.26% rise logged in June. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. The source of this inflation was the expansion of the money supply. In 2019 Brazil ranks #4 in the world by yearly inflation rate. In addition, price pressures for housing as well as for health and personal care goods also increased. Brazil’s inflation in July rose for that month the most in four years, an official data showed, driven by fuel and housing costs, although the annual measure remained significantly below the central bank’s year-end target. Policy makers highlight “additional gradualism” in next move We don’t expect the BCB to cut the rate again though: with all indications pointing to pressures for increased fiscal stimulus and stalled reforms, we don’t expect a comfortable scenario for a rate cut in September. June's reading marked the sharpest increase in prices since December 2019.

Instead, the government is ramping up emergency expenditures with proposals that may include an extension of popular, yet costly, monthly stipends for informal workers.Brazil posted its third straight record budget gap “The BCB slammed the door shut for interest rate hikes for the foreseeable future, and left it slightly ajar for a new rate cut. At the same time, 2019 year to date inflation rate is 0.32% and year over year inflation rate is 3.78%. July's reading marked the sharpest increase in prices since December 2019. For 2021, the panel projects inflation of 3.1%.5 years of economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis. Industrial output expanded 8.9% month-on-month in seasonally-adjusted terms in June, which was above May's 8.2% increase. Brazil’s inflation exceeded most economist expectations in February but remained comfortably below the official target just as a new central bank president takes the … At its 4–5 August meeting, the Central Bank of Brazil’s Monetary Policy Committee (COPOM) unanimously voted to cut the benchmark SELIC interest rate by 25 basis points, taking it to a new record low of 2.00%. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence came in at 89.8 in July, up from June's 77.6, recording a notable improvement over the previous month However, the index still remained entrenched below the 100-point threshold, separating pessimism from optimism among businesses. The central bank targets inflation at 3.75% next year and 3.5% in 2022 and economists surveyed by the bank currently don’t see the targets being reached before 2022.The bank is striking a cautious tone as it delivers a ninth straight rate cut to mitigate the economic collapse from the pandemic.
Figures on Wednesday showed Brazil …

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