Public accounts deficit is lower than a year ago but higher than last November.
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Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
Selic was cut back by 0.5 percentage point, reaching its lowest level ever.
The estimate regarding the 2019 National Extended Consumer Price Index from banks polled by the Brazilian Central Bank moved from 3.46% to 3.52%.
Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
The Brazilian Central Bank’s Economic Activity index increased in quarter three from quarter two.
Monetary Policy Committee (Copom) reduced Selic from 5.5% to 5% per annum last week. Minute released this Tuesday points to a new 0.5 percentage point reduction in the next meeting.
Central Bank’ Focus Readout reported.
The deficit in goods and services trade and income transfers in September was far wider than a year ago.
Activity slowed down compared with July, the Brazilian Central Bank reported this Friday.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
A poll of Brazilian banks this week shows that GDP is seen going up 0.87% in 2019, up from 0.80% as of last week.
