Total credit operations in Brazil amounted to BRL 3.1 trillion in August, the same as in July. In the whole year, however, the Central Bank is expecting a contraction.
Author: Agência Brasil
A poll of Brazilian industrialists shows optimism is back regarding the activity growth outlook for months to come.
The country wants to increase its stake of the global agricultural market from 7% to 10% in five years’ time, Agriculture minister Blairo Maggi said this Tuesday (27) while assessing his trip to Asia.
The Brazilian Central Bank (BC) updated from 6.9% to 7.3% the forecast for the 2016 Extended National Consumer Price Index (IPCA).
The Brazilian Central Bank (BC) revised up from USD 15 billion to USD 18 billion its forecast for the 2016 current account deficit. However, foreign direct investments can fund the deficit in full.
A poll of financial institutions by the Brazilian Central Bank sees inflation at 7.25% this year, down from a prior forecast of 7.34%.
Spending in August reached USD 1.3 billion, up 2.3% from the same month a year ago. Exchange rate fluctuation and improved consumer confidence were factors.
The state-owned company will sell a 90% stake of a 2,000 km gas pipeline network to Brookfield for USD 5.2 billion.
The increase in value of the Brazilian agricultural production last year was driven especially by the record-breaking production of the two crops, according to statistics institute.
Such is the rate projected by the Brazilian Institute of Geography and Statistics (IBGE) for the twelve months ended September. Inflation reached 0.23% so far this month, and 5.9% year-to-date.
President Michel Temer presented to the UN’s secretary-general the document whereby the country ratifies the Paris Agreement on climate change.
The index climbed 2.2 points to 53.7, the highest score since January 2014. Scores above 50 are an indication of optimism.
State-owned company reveals plans to invest USD 74.1 billion in the next five years, a lower figure than the one from the previous business plan.
Financial institutions polled by the Brazilian Central Bank estimate a 7.34% rate at the end of 2016. Last week’s projection had been 7.36%.
