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UBS Forecasts Hold on Brazil’s Rate Cuts Amid Rising Inflation Concerns
UBS recently released a report predicting a halt in Brazil’s interest rate cuts, which could profoundly impact the economic landscape. The report, issued on Wednesday, May 29, forecasts Brazil’s Selic rate will stabilize at 9.75% by the end of 2024. Currently, the interest rate in Brazil stands at 10.5%. Interestingly, UBS anticipates no reductions in […]
Qatar Airways Elevates In-Flight Experience with Starlink Internet
Qatar Airways has taken a bold step to enhance passenger experience by integrating Starlink internet into its flights. This move positions the airline as a leader in the Middle East and North Africa region for in-flight connectivity. On October 22, 2024, the airline launched its first flight with Starlink on a Boeing 777 from Doha […]
Brazil’s Interest Rate Dilemma Amid Inflation Concerns
Brazil’s Central Bank faces mounting pressure to adjust the Selic rate upwards, as economists point to insufficient current rate projections to meet the inflation target. Recent forecasts suggest a 9% rate by year-end and 8.5% by next year may not steer inflation back to the 3% goal. Following the Quarterly Inflation Report, which predicted a […]