(Analysis) Late one Wednesday evening, the Central Bank of Brazil subtly lowered the Selic rate from 10.75% to 10.50%. This modest adjustment, though minor, reveals deep political rifts within the bank’s leadership that reflect broader economic concerns. A clear divide exists among the nine directors. Five, appointed during former President Jair Bolsonaro’s term, supported a […]
Related Posts
Germany to Strengthen Australia’s Defense Industry
Rheinmetall, a German defense powerhouse, has secured a groundbreaking contract to produce over a hundred Boxer armored vehicles in Australia. The authorities of the oceanic country have signed the contract based on an agreement previously made between both countries’ governments. This initiative is poised to strengthen defense ties between Germany and Australia. This contract, valued […]
Drought Causes 27% Drop in Uruguay’s Farming Sector
The drought in 2022 and 2023 led to an unprecedented water crisis in Uruguay and significantly impacted its economic growth projections. In this setting, Uruguay’s Central Bank and the Chamber of Commerce show a 27.4% fall in agriculture in the second quarter of 2023. This decline had a sizable impact on the country’s economy. Specifically, […]
Bolivia’s Strategic Roadway Links Atlantic and Pacific, Spurring Growth
Bolivia marks a significant achievement with Sinohydro’s provisional completion of the El Sillar dual carriageway. This road costs about $420 million and is integral to the East-West Bioceanic Corridor. It connects Cochabamba to Santa Cruz and expands Bolivia’s access to Brazil, Chile, and Peru, enhancing regional connections. President Luis Arce announced the road’s completion, overcoming […]