Brazil’s Central Bank, in a recent meeting, indicated fewer rapid interest rate cuts due to high long-term inflation expectations. The bank stated that significant positive surprises would be needed to change this pace. They aim to stabilize inflation expectations, currently above the 3% target for 2024 to 2026. Some board members worry about these steady […]
Related Posts
Brazil Charts Course for 2024 Rate Cuts
Roberto Campos Neto, head of Brazil’s Central Bank, has announced plans for two 0.5 percentage point cuts to the Selic rate in early 2024. These cuts follow four previous reductions, signaling a drop to 10.75 percent by March. Campos Neto stressed these decisions aim to reduce policy costs while maintaining economic stability. President Luiz Inácio […]
‘Incognito mode’ is not as private as it might seem. This is what private browsing actually does
Although a private browsing mode known as “Incognito” in Google’s widely used Chrome browser has been available for nearly a decade, a legal settlement involving the way it works has cast new attention on this commonly available setting. The settlement disclosed Monday in a federal court is primarily designed to ensure that users who use […]
Lula da Silva confident that an EU-Mercosur agreement will be reached in 2023
Brazilian President Luiz Inácio Lula da Silva expressed his high hopes for the completion of the Mercosur-European Union association agreement within 2023. His confidence stems from his current position as the temporary leader of Mercosur and Spain’s EU Council presidency. Da Silva articulated his optimism during a press conference in Brussels, where he had been […]