Brazil Faces Historic Debt Surge and Fiscal Deficit
In 2023, Brazil's Gross Public Debt soared to 74.34% of its GDP, up 2.66 percentage points from 71.68% in 2022.
February 7, 2024Topic
Central Bank Brazil
Barclays says Brazilian central bank’s Selic cut cost trust
Barclays says Brazilian central bank's Selic cut cost trust. Roberto Secemski from Barclays pointed out that this move is not...
August 30, 2023
Brazilian industry confidence increases due to Selic interest rate cuts
The recent uplift in industrial confidence has been linked to the commencement of cuts in the Selic rate, Brazil's basic...
August 10, 2023
Brazil’s central bank chief argues for fiscal stability to ensure interest rate cuts
During a recent Senate session, Central Bank President Roberto Campos Neto emphasized the critical importance of fiscal stability in achieving...
August 10, 2023
Lula considers Gabriel Galipolo’s appointment as president of Brazil’s central bank
Brazilian President Luiz Inácio Lula da Silva is considering appointing Gabriel Galipolo as the next president of Brazil's central bank,...
July 6, 2023
Lula expresses concern over high interest rates and possible corporate bankruptcies
Luiz Inácio Lula da Silva, the former President of Brazil, expressed concern over the high interest rate of 13.75 percent...
June 30, 2023
Brazilian Senate reaffirms commitment to central bank autonomy and rejects concerns
Rodrigo Pacheco, President of the Senate, reassured that the autonomy of the Central Bank would be safeguarded, countering any doubts...
June 28, 2023
Brazilian Central Bank under increased pressure for interest rate reduction
In Brazil, the Central Bank is weighing its monetary policy options in the face of growing calls for interest rate...
June 21, 2023
Brazilian Central Bank maintains Selic at 13.75% for 6th straight meeting
The Copom (Monetary Policy Committee) announced the maintenance of the basic interest rate, the Selic, at 13.75% per year
May 4, 2023