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Brazil central bank

Brazil central bank intervenes in FX, sells $1bn as real slides further
Markets

Brazil central bank intervenes in FX, sells $1bn as real slides further

  • Tuesday's $1 billion sale, taking central bank intervention since Thursday to over $4 billion, came as pressure on Brazilian assets intensified after President Jair Bolsonaro eliminated certain fuel taxes and increased a tax on banks.
  • There's a (market) crisis of confidence in the government, and we have negative rates.
Published 02 Mar, 2021 08:06pm
Brazil govt debt ends 2020 at record high 89.3pc of GDP
World

Brazil govt debt ends 2020 at record high 89.3pc of GDP

  • The public sector deficit in December excluding interest payments was 51.8 billion reais ($9.5 billion), the central bank said, close to the 51.5 billion reais median estimate in a Reuters poll of economists.
  • The nominal deficit in December including interest payments widened to 75.8 billion reais, the central bank said, resulting in an annual deficit of 1.02 trillion reais, or 13.7% of GDP.
Published 29 Jan, 2021 07:43pm