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UPDATE 1-Brazil cenbank chief says will do what it takes to fulfill inflation 'mission' Reuters 1 hr ago By Jamie McGeever BRASILIA, May 25 (Reuters) - Brazil's central bank will do what it takes to get inflation back to target, bank chief Roberto Campos Neto said on Tuesday, stressing that transparent communication is a key element to achieving its goals and delivering effective monetary policy. In an online event hosted by bank BTG Pactual, Campos Neto recognized that it has been more challenging to steer inflation toward target during the COVID-19 pandemic, but insisted that the central ...

BRAZIL-ECONOMY/CENBANK (URGENT):Brazil cenbank will do what it takes to meet inflation goals - Campos Neto

UPDATE 1-Brazil govt cuts 2021 budget deficit forecast to $35 bln, GDP growth boosts tax take Reuters 10 hrs ago By Jamie McGeever BRASILIA, May 21 (Reuters) - Brazil's government on Friday issued a brighter fiscal outlook for this year, with the growing economy set to deliver higher revenues and lower spending than previously expected, narrowing the budget deficit to 2.2% of gross domestic product. Economy Ministry officials said an improving fiscal position is a key condition for a sustainable economic recovery, and repeated their view that government debt close to 90% of GDP makes fiscal...

UPDATE 1-Brazil's Guedes says real poised to rise, would be 'great' if dollar fell Reuters 5/4/2021 BRASILIA, May 4 (Reuters) - Brazil's real is poised to strengthen against the U.S. dollar, as the country emerges from the "difficult and turbulent" phase that has contributed to its recent weakness, Economy Minister Paulo Guedes said on Tuesday. "This is normal, the dollar has gone up a little bit now. But the (trade) surplus is very strong, the dollar is going to start to fall. This is normal," Guedes said in congressional testimony when asked about the real's devaluation, adding that it wo...

By Reuters Staff 2 Min Read FILE PHOTO: Brazil's Economy Minister Paulo Guedes speaks during a ceremony to launch a program to expand access to credit at the Planalto Palace in Brasilia, Brazil, August 19, 2020. REUTERS/Adriano Machado BRASILIA (Reuters) - Brazil’s Economy Minister Paulo Guedes said on Tuesday that a budget agreement reached with Congress meets the government’s twin commitments to health and fiscal responsibility, and that crisis-fighting expenditure would not be subject to spending cap rules. Congress late on Monday approved revised proposals following an impasse over ce...