The North African country’s minister of economy said the financial instrument will be released later this week for the purchase of basic items, of which the country still has stocks for three months.
Browsing: exchange rate
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
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.
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%.
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.
Brazilian banks expect the economy to grow by 1% in 2019, the 15th straight downward revision of the estimate.
Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
The deficit slid to USD 494 million, from USD 666 million in March 2018.
Brazilian financial market players’ 2019 economic growth estimate moved from 2% to 1.98%.
The main index of the São Paulo Stock Exchange closed above 96,000 points this Friday, up 0.78% from the day before.
The United States currency slid 1.04% this Friday to end the week at BRL 3.71.
A Brazilian Central Bank poll of financial institutions shows that prices are expected to have gone up by 3.71% by the end of the year. The result is the same as last week’s.
The Extended National Consumer Price Index (IPCA) slid for the sixth week back-to-back, this time to 3.89%, as per a Brazilian Central Bank poll.
The results of a poll of financial market players in Brazil shows that prices are expected to have climbed by 4.13% at the end of this year, down from a prior 4.23% forecast.
