UBS predicts Brazil’s Selic rate will decrease to 8% by the end of 2024, below the broader market’s expectation of 9%. Analysts attribute this to stagnant industrial inflation and decreasing food prices. These factors, they argue, will more than offset the steady inflation in services. As a result, they expect the IPCA to hit 3% […]
Related Posts
Argentine Auto Production Halts Three-Month Growth Streak
Argentina’s automotive industry faced a setback in September. Vehicle production dropped to 49,611 units, marking a 3.9% decrease from August. This decline also represented a 12.6% fall compared to the same month last year. The downturn ended a three-month streak of production growth in the sector. From January to September, automakers produced 362,433 passenger and […]
Haiti’s Airport Reopens Amid Heightened Security
Port-au-Prince Airport reopened after being closed for over two months due to a violent attack by armed groups on March 5th. Haiti’s National Police (PNH) announced the resumption of commercial flights. The reopening included a cargo flight and two Sunrise commercial flights. Enhanced security measures enabled this move. Local authorities collaborated with the United States […]
Russia Hikes Defense Budget by 70% for 2024
Russia’s 2024 defense budget has surged by almost 70% to 10.8 trillion rubles or $112 billion, according to a financial report. Kremlin spokesperson Dmitri Peskov says the hike is essential. He cites a “hybrid war” Russia claims to be facing as the reason. In contrast to Russia’s substantial hike, China announced a more modest defense […]