Brazil’s central bank monetary policy committee Wednesday held the country’s base Selic interest rate unchanged at 11% for a third straight meeting despite still elevated local inflation. The decision came as Brazil’s IPCA consumer price index through July ran near the 6.5% top end of the country’s inflation targeting band. The latest decision to hold…
Ibope: Rousseff Gains Ground, But Still Behind For Runoff
by BCR Staff •
Brazil’s president Dilma Rousseff gained back terrain in a national presidential election poll released Wednesday, but still trails Socialist Party challenger Marina Silva in a runoff vote scenario. The latest poll from the Ibope opinion research institute showed Ms. Rousseff, of the Workers’s Party, with support from 37%, versus 33% for Ms. Silva. Challenger Aécio…
Rousseff Says She Will Change Policies, Aides If Re-elected
by BCR Staff •
Brazil’s President Dilma Rousseff will make changes in her government’s policies and advisory team if re-elected to the post, the president said Wednesday. Speaking to business leaders at the National Confederation of Industries, Ms. Rousseff re-iterated a previous pledge to overhaul her administration to improve industrial policies.”Obviously, with a new government, there’s necessary updating and new…
Brazil Sells $1Bln in 2025 Bond Reopening
by BCR Staff •
Brazil’s government sold $1 billion in dollar-denominated debt abroad with the reopening of its 2025 bond, the treasury said Wednesday. The debt was sold in US and European markets with a yield 3.888% and a spread of 147 basis points over US Treasurys. The Brazilian treasury said it could sell up to $50 million in…
Polls Show Marina Silva Leading In São Paulo, Rio
by BCR Staff •
Socialist Party presidential challenger Marina Silva has pulled into the lead in the heavily populated states of São Paulo and Rio de Janeiro, according to the latest polls in those regions. Polling from the Ibope opinion research institute showed Ms. Silva with support from 39% of respondents in São Paulo, compared with 23% for incumbent…
Government Postpones Energy Auction Until After Election
by BCR Staff •
Brazil’s government will postpone a planned auction of electric power to November 28 from September 30, the Energy Ministry said. According to a statement issued by the ministry, the date for the so-called A-5 auction was altered to allow for licensing and participation of 460 megawatts of hydroelectric power sources as well as participation of wind power…
