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Jan 30, 2015
Jan 30, 2015

Brazil posts 2014 primary budget deficit, first in over a decade

BRASILIA (Reuters) – Brazil fell way short of its main fiscal target in 2014, underscoring the daunting uphill battle that President Dilma Rousseff’s new economic team faces to shore up public accounts and prevent a credit rating downgrade.

Brazil posted a public sector primary budget deficit of 32.536 billion reais ($13.76 billion) for last year, equal to 0.63 percent of gross domestic product, the central bank said on Friday. That was the first annual budget gap since the current data series started in 2001.

Jan 29, 2015
Jan 29, 2015

Brazil’s central bank opens door to smaller rate hike in March

BRASILIA (Reuters) – Brazil’s central bank cemented expectations of another interest rate hike in March but suggested it could slow the pace of increases going forward, according to the minutes of its last monetary policy meeting released on Thursday.

The bank said it has not yet made sufficient progress in curbing price increases but noted inflation now looks more likely to ease towards the 4.5 percent target in 2016 after three consecutive interest rate hikes.

Jan 29, 2015
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Jan 23, 2015
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Jan 23, 2015
    • About Silvio

      "Silvio Cascione is a Reuters economics correspondent in Brasilia, covering through market polls and economic data the sharp slowdown of Brazil's economy over the past few years. He also leads polling across Latin America on several issues such as regional growth prospects, inflation, and foreign exchange rates."
      Joined Reuters:
      2007
      Languages:
      Portuguese, English, Spanish
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