Edition:
International

Marcela Ayres

UPDATE 1-Brazil central bank eyes risks to vaccine rollout in GDP, inflation outlook

Dec 17 2020

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 inflation report.

Brazil faces $7 billion hole in 2021 budget from emergency aid, inflation - source

Dec 10 2020

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.

UPDATE 1-Brazil central bank chief says is 'relatively calm' on inflation, but vigilant

Nov 25 2020

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 view.

Brazil launches 'Pix' instant payments system, Whatsapp to enter 'soon'

Nov 16 2020

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.

UPDATE 1-WhatsApp to provide peer-to-peer payments services in Brazil soon -central bank chief

Nov 16 2020

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.

UPDATE 1-Brazil cenbank weighing up FX action to prevent 'overhedge' volatility - director

Nov 06 2020

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.

UPDATE 1-Brazil central bank could withdraw forward guidance even if spending cap intact -Campos Neto

Nov 05 2020

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.

UPDATE 1-Brazil's inflation spike is temporary but bears monitoring - cenbank chief

Nov 04 2020

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.

Brazil's government backs new basic income payments to poor

Sep 28 2020

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.

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.

World News

China cautions G7: 'small' groups don't rule the world

China on Sunday pointedly cautioned Group of Seven leaders that the days when "small" groups of countries decided the fate of the world was long gone, hitting back at the world's richest democracies which have sought a unified position over Beijing.