BRASILIA, Dec 17 Questions about the rollout and
acceptance of COVID-19 vaccines in Brazil are adding uncertainty
to economic forecasts, Central Bank President Roberto Campos
Neto said on Thursday while discussing the bank's quarterly
BRASILIA Brazil faces a 35 billion reais ($7 bln) hole in its 2021 budget due to emergency aid payments being held over to next year and welfare benefits indexed to a higher inflation rate than anticipated, a source on the government's economy team said.
BRASILIA, Nov 25 Brazil's central bank is
relatively relaxed about inflation, bank president Roberto
Campos Neto said on Wednesday, noting that policymakers must
look through the recent spike in prices and take a longer-term
BRASILIA Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook Inc and Google.
BRASILIA, Nov 16 WhatsApp, the messaging service
of Facebook Inc, will soon enter the Brazilian market
providing peer-to-peer (P2P) payment services, central bank
president Roberto Campos Neto said on Monday.
BRASILIA, Nov 6 Brazil's central bank is
considering intervening in the foreign exchange market before
the end of the year to minimize any potential disruption from
large anticipated outflows related to banks' hedging activities,
a central bank director said on Friday.
BRASILIA, Nov 5 Brazil's central bank could
withdraw its "forward guidance" pledge to keep interest rates
low for a long time even if the government honors its spending
cap but uses creative ways to increase spending, central bank
president Roberto Campos Neto said on Thursday.
BRASILIA, Nov 4 Brazil's recent spike in
inflation is temporary, central bank President Roberto Campos
Neto said on Wednesday, adding however, that policymakers are
monitoring developments closely.
BRASILIA Brazil's government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.
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.