Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
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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.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
The Brazilian economy lost steam in Q2 from Q1, the Central Bank reported.
After sliding for 20 straight weeks, the 2019 economic growth projection from respondents of a Brazilian Central Bank poll edged up to 0.82%, up from 0.81% as of last week.
The economic growth forecast from financial institutions dropped from 0.82% last week to 0.81% in this one.
The 2019 economic growth forecast from Brazil’s Ministry of Economy narrowed from 1.6% to 0.8%.
