This week, Brazil faced an extreme heat wave, leading to a record in energy usage. On Tuesday, the National System Operator (ONS) reported that the country’s energy demand reached 101.5 gigawatts (GW). This is slightly higher, by 0.5%, than the previous record set on Monday. Currently, Brazil is experiencing unusually high temperatures. These temperatures are […]
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Brazilian Interest Rates Keep Rising as U.S. Election Looms
The financial markets experienced another day of rising interest rates. This marks the third consecutive session of increases. Investors closely watched the U.S. presidential race and awaited fiscal measures from the Brazilian government. The DI rates for January 2025 closed at 11.256%, up from the previous 11.25%. This rate reflects short-term expectations for the Selic […]
