Brazilian Traders Pile Into Rarest of Bets in Zero-Rates World
Bloomberg 2/1/2021 Aline Oyamada
(Bloomberg) It is heresy in economic circles nowadays to talk about raising interest rates. With the virus still raging and economies still sputtering, rates need to be held at record lows for a long, long time, according to consensus thinking all over the globe.
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Except in Brazil. Traders there are frantically driving up interest-rate futures in anticipation that policy makers will lift the 2% benchmark rate next month. Encouraged by debate among central bankers themselves about how soon to tighten monetary policy, traders have determined that at a minimum the Selic rate will be raised by a quarter point in March, and maybe even as much as a half point.
By Reuters Staff
2 Min Read
BRASILIA, Jan 27 (Reuters) - Brazilian President Jair Bolsonaro on Wednesday urged truckers not to strike on Feb. 1, suggesting he could lower diesel costs with tax breaks as he seeks to head off a crushing blow to the country’s pandemic-stricken economy.
Speaking in Brasilia after a meeting with Economy Minister Paulo Guedes, Bolsonaro said the government is studying ways to cut diesel prices but said “the solution is not easy.”
Although it remains to be seen how wide any industrial action will be, a major strike would be a hammer blow to Brazil’s economy that is still reeling from the effects of the coronavirus pandemic that Bolsonaro has done little to control.
Jan 28, 2021, 00:38 AM IST
Brasília: In a rare honor and sign of close ties between India and Brazil, Brazilian President Jair Bolsonaro attended India s Republic Day celebrations organized by the Indian embassy in the national capital Brasilia and called India a brotherly nation .
Bolsonaro expressed, Brazil and India have increasingly drawn closer and closer. on this occasion as we celebrate India s Republic Day, kindly convey Mr. Ambassador to PM Modi, who I see a close friend, kindly send my best wishes to prosperous India.
Recalling how India assisted with inputs during the COVID-19 outbreak, Bolsonaro pointed out, India has also lived up to all of the agreement and the commitments that were undertaken towards Brazil in the course of 2020.
Mass vaccination against the novel coronavirus disease (COVID-19) is key to resuming economic growth, Brazil's Economy Minister Paulo Guedes said Monday, January 25th.
Vaccination key to economic recovery, says Brazilian minister--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.