There was a 0.91% drop over July, in the widest month-on-month reduction since May 2015, the Brazilian Central Bank has reported.
Author: Agência Brasil
The Brazilian monetary authority slashed the benchmark interest rate by 0.25 percentage point, to 14% per annum. The move came as a result of a reversal of the food price hike.
A survey by the Brazilian Institute of Geography and Statistics (IBGE) shows that diesel was the product that yielded the most revenue for Brazilian industry in 2014.
The Leading Economic Index (IACE) rose 1.3% in September over August. It anticipates the economy’s trend in the short term. It was the eighth consecutive increase.
Financial institutions polled by the Brazilian Central Bank believe the benchmark rate will be slashed following a meeting this week. The rate is seen ending this year at 13.5% and the next one at 11%.
Prices will be down 3.2% for wholesale gasoline and 2.7% for diesel. Whether or not consumers will pay less for their fuel will be up to the retailers.
The former prime minister of Portugal will replace Ban Ki-moon as the organization’s secretary-general as of December 31.
The Federal Revenue Service notes that the rule applies to all regular scheduled air services companies, both cargo and passengers, even in the case of payments made to low-tax countries.
A bilateral agreement signed last week allows the country to make loans to the Fund if needed.
A poll of financial institutions by the Brazilian Central Bank returned an estimate of 7.04% for inflation in 2016, in the fourth straight downward week-on-week revision.
Index measured by the National Confederation of Industry went up 1.1% from August to September, but it’s still below the historical average.
Petrobras’ logistics company started operating two new ships that were made in Brazil. One of them is a gas tanker and the other a suezmax, fit to transit in the Suez Canal.
Withdrawals surpassed deposits by BRL 2.35 billion (USD 730 million) in September, according to the Brazilian Central Bank. Not one month this year has registered a surplus.
Crop forecasts by the Brazilian Institute of Geography and Statistics have been on a downward trend for the last few months and reached 183.9 million tons. Last year, 209.6 million tons were harvested in the country.
