Brazil’s Bolsonaro sanctions inflation-busting ICMS law
approved the bill to limit state-level VAT (ICMS) on diesel, gasoline, electricity, communications, and collective transport.
June 24, 2022Topic
Inflation Brazil
Brazilian central bank indicates that Selic rate will remain high for a longer period of time
The Central Bank (BC) said Tuesday that the key interest rate, the Selic, will remain in the "significantly contractionary" range...
June 21, 2022
Opinion: Bolsonaro’s means to fight Petrobras’ fuel price policy seem limited
RIO DE JANEIRO, BRAZIL - The Lava Jato led Brazil to adopt some rules that today prove themselves inappropriate.
June 20, 2022
Brazil: Congress’ most powerful voting bloc threatens “war” against Petrobras
Representatives and senators from Centrão are threatening to start a "legislative war" against Petrobras after announcing
June 17, 2022
Brazil: Petrobras to readjust prices of gasoline by 5.18% and diesel by 14.26%
RIO DE JANEIRO, BRAZIL - On Friday, June 17, Petrobras announced a readjustment in diesel and gasoline prices.
June 17, 2022
Chamber president on Petrobras: “Enemy of Brazil”
RIO DE JANEIRO, BRAZIL - After information that Petrobras should increase the price of fuel in the next few days,...
June 17, 2022
Bolsonaro’s attempt to stimulate the economy would cost Brazil US$20 billion
Tax cuts are likely to cost Brazil more than US$110 billion (US$22 billion) in tax revenue this year as part...
June 16, 2022
Brazil raises annual interest rate to 13.25 %, highest level in six years
RIO DE JANEIRO, BRAZIL - On Wednesday, June 15, Brazil's Central Bank raised the basic interest rate by 0.5 percentage...
June 16, 2022
Brazil’s General Price Index-10 (IGP-10) registers 0.74% inflation in June
Brazil's IGP-10 (General Price Index-10), measured by the FGV (Getúlio Vargas Foundation), registered an inflation rate
June 15, 2022