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Jamie McGeever

Cost of servicing Brazil's ballooning domestic debt falls to record low

Sep 28 2020

BRASILIA The cost to Brazil's government of servicing its ballooning domestic debt fell to an all-time low in August, official figures showed on Monday, following the drop in official interest rates and a dramatic shortening of the debt profile.

UPDATE 1-Brazil announces new measures to expand credit to micro-sized firms

Sep 24 2020

BRASILIA, Sept 24 Brazil's National Monetary Council (CMN) on Thursday announced new measures to expand and speed up the flow of credit to micro-sized businesses, many of whom have been hardest hit by the economic shock from the COVID-19 pandemic.

Brazil's steep rate curve should pose no threat to government funding

Sep 23 2020

BRASILIA Despite a spike in Brazil's long-term interest rates serving as a "warning" to remedy public finances, the central bank's record low official interest rate means there is little risk - if any - to the government's ability to service its ballooning debt.

Low rates support Latam sovereign debt affordability despite rising debt - Moody's

Sep 23 2020

BRASILIA, Sept 23 Low interest rates will help Latin American governments service their rising debt burdens, potentially for some time to come as low growth and inflation suggest borrowing costs are unlikely to rise much, ratings agency Moody's said on Wednesday.

ANALYSIS-Brazil's steep rate curve should pose no threat to government funding

Sep 23 2020

BRASILIA, Sept 23 Despite a spike in Brazil's long-term interest rates serving as a "warning" to remedy public finances, the central bank's record low official interest rate means there is little risk - if any - to the government's ability to service its ballooning debt.

Brazil government sees $157 billion deficit this year as emergency transfers are extended

Sep 22 2020

BRASILIA Brazil's government is on course to post a primary budget deficit of 861 billion reais ($157 billion) this year, the Economy Ministry said in its bimonthly revenue and expenditure report on Tuesday, factoring in extended emergency transfers to the poor through the end of December.

Brazil's rates curve a 'warning' spending must be tamed: treasury secretary

Sep 22 2020

BRASILIA Brazil's recent market volatility and a surge in borrowing costs are a "warning" that the government must rein in spending and get back on a more stable fiscal footing, the country's top treasury official told Reuters.

UPDATE 1-Brazil to lower tax burden as share of GDP, not in absolute terms -official

Sep 17 2020

BRASILIA, Sept 17 Brazil's government is committed to lowering the country's tax burden as a share of its gross domestic product, but not necessarily in absolute terms, Productivity and Competition Secretary Carlos da Costa said on Thursday.

Brazil rates curves steepen as markets price in dovish central bank, rising fiscal risks

Sep 17 2020

BRASILIA Brazilian interest rate curves steepened on Thursday to the highest in months, as traders priced in official rates being kept lower for longer and as growing uncertainty surrounding the government's fiscal outlook pushed up longer-term yields.

UPDATE 2-Brazil's central bank holds rates at 2.00%, emphasizes 'forward guidance'

Sep 16 2020

BRASILIA, Sept 16 Brazil's central bank kept its key interest rate at a record-low 2.00% on Wednesday, pledging to stimulate the coronavirus-hit economy with "forward guidance" rather than more rate cuts because of the risk to financial market stability that they could pose.

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