The central bank bumped its 2024 economic growth forecast despite the historic floods in Brazil’s southernmost state of Rio Grande do Sul that caused a significant downturn.
Browsing: central bank
The financial institution won the Central Banking Awards 2022 for its data sharing project.
In August, exchanges of goods and services and income transfers between Brazil and other countries resulted in a positive balance. It was the best performance for the month since 2006.
An index from the Brazilian Central Bank shows activity picking up in January 2021 from December 2020 and slowing down year-on-year in January.
A Brazilian Central Bank study concluded that basic items such as soya and ore were the pillars of foreign sales from the country in 2020.
The monetary authority announced that 8,000 enterprises and 100,000 individuals late on their credit payments will be taken off its ‘I-list’ amid the Covid-19 pandemic.
The country’s Central Bank has put in place a string of measures to enable more access to credit and refinancing during the coronavirus crisis.
Central Bank’s index showed a month-on-month economic growth last January.
Financial institutions polled by the Brazilian Central Bank expect inflation to be 3.20% this year in Brazil, down from last week’s 3.22% estimate.
Income from pre-salt and non-use of some funds caused National Treasury, Social Security, and Central Bank to reach a lower joint deficit than in 2018.
Financial institutions have reduced their estimate for the National Extended Consumer Price Index (IPCA) from last week’s 3.58% to 3.56%.
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
Exchange flow stood negative at almost USD 45 billion last year, breaking the record from 1999.
