This Monday (3), the Brazilian Central Bank released the financial market’s new growth estimate for the country’s GDP, 2.19% for 2023. Last week’s projection was at 2.18%.
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Financial institutions have reduced their estimate for the National Extended Consumer Price Index (IPCA) from last week’s 3.58% to 3.56%.
MENA accounted for 20% of total portfolio flows to emerging financial markets from 2016-2018.
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.
Financial institutions estimated the Brazilian economy will grow 2.57% this year. Last week, the projection was 2.53%.
The United States currency slid 1.04% this Friday to end the week at BRL 3.71.
The North American currency slid 0.69% this Friday after having reached a record high on Thursday.
The North American currency rose 1.21% this Thursday and ended the day at BRL 4.196, the highest nominal value since the launch of Plano Real, in 1994.
The United States currency gained 1.48% this Tuesday after sliding for three straight trading days.
The North American currency dropped 0.95% this Thursday. However, in the week, it has gone up 0.78%.
The North American currency ended this Monday at BRL 4.152.
The North American currency, for a period, had surpassed BRL 4.20 this Thursday. The Brazilian Central Bank (BC) sold USD 1.5 billion worth of currency swaps.
The North American currency ended this Tuesday at BRL 4.14, up 1.48% over the previous day.
The United States currency closed at BRL 4.056 this Wednesday, up 0.46% from Tuesday.
