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Edifício-sede do Banco Central , Brasília, economia
Economy

Central Bank keeps benchmark interest at 2% a year

The decision to retain the rate at this level, the lowest since 1986, was expected by financial analysts, who believe the Selic is likely to remain at this value until the year is over.

O presidente da República, Jair Bolsonaro e o ministro da Economia, Paulo Guedes, durante a assinatura do Decreto 10.470/2020, que prorroga o Benefício Emergencial.
Economy

Gov’t hopes to save $56.57 bi after administrative reform

This estimate considered were the retiring civil servant replacement rate of 60 or 70 percent and the reduction and the reduction of the salary of those entering public service.

O ministro da Economia, Paulo Guedes, participa da solenidade  de Sanção de duas medidas provisórias (MP) aprovadas pelo Congresso Nacional, a que institui o Programa Emergencial de Suporte a Empregos (MP 944/20)
Economy

GDP reduction this year to be even smaller than expected, Guedes says

The minister advocated the so-called “structural” reforms, proposed by the government, and also mentioned that the privatization agenda will be revamped, with “two, three, four, major companies to be privatized” being announced.

Tomates
Economy

Brazil’s official inflation 0.24% in August

Most noteworthy among foodstuffs were tomato (12.98%), soybean oil (9.48%), and UHT milk (4.84%).

Rio de Janeiro - Imóveis do programa Minha Casa Minha Vida nos condomínios Mikonos e Santorini, em Santa Cruz (Fernando Frazão/Agência Brasil)
Economy

Brazilians’ indebtedness and default up in August

The families that will not be in condition to pay their bills account for 12.1 percent, above July (12%) and August last year (9.5%).