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.
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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.
Public accounts deficit is lower than a year ago but higher than last November.
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%.
