Tag Archives: Real
Brazilian Market Rallies as New Fiscal Reforms Spark Investor Optimism
President Lula da Silva of Brazil held extensive three-day meetings with multiple ministers, addressing long-standing concerns over fiscal imbalances and unsustainable deficits. Following these discussions, Lula directed a cut of R$25.9 billion in mandatory expenses, demonstrating a firm commitment to the new federal fiscal framework. Finance Minister Fernando Haddad elaborated on the framework’s objectives, which […]
Brazil Cuts Interest Rates, Signals More Reductions Ahead
During its March gathering, Brazil’s central bank trimmed the main Selic rate (federal funds rate) by 0.50 percentage points, bringing it to 10.75%, which met market forecasts. Policymakers noted that the international climate remains unpredictable, with ongoing discussions over when major economies will begin loosening their monetary policies, as well as the rate at which […]
