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Former Treasury Secretary Jeferson Bittencourt warns that Brazil's fiscal framework is under threat of a "death blow" to economic strategies.

Brazil’s economy roared back in the first months of 2023, lifted by bumper harvests that outweighed the drag of double-digit borrowing costs.

Brazil Economic Team Enlists Investor Help as Rate Bets Soar Bloomberg 3/2/2021 Aline Oyamada, Rachel Gamarski and Martha Beck (Bloomberg) -- Brazil’s economic team is enlisting investors to help it defend a rule that caps public spending, as growing fiscal concerns sink local markets and push traders to bet on the most aggressive interest rate hike in a decade. Popular Searches Members of Economy Minister Paulo Guedes’s crew and the Treasury have asked fund managers and economists to publicly defend the so-called spending ceiling that limits the growth in public expendi...

Brazil Central Bank Leaves Benchmark Selic Rate Unchanged at 2%, Withdraws Forward Guidance -- Update 01/20/2021 | 05:39pm EDT Send by mail : Message : By Jeffrey T. Lewis and Paulo Trevisani SÃO PAULO--Brazil's central bank kept its benchmark Selic interest rate unchanged as the inflation outlook deteriorates while the country struggles with the economic impact of Covid-19. The bank as expected Wednesday left the Selic at a record low of 2% for the fourth straight meeting. The bank removed its previous forward guidance, saying some of the conditions set to maintain no longer hold, i...

Brazil Signals End to Low-Rate Pledge Amid Faster Inflation Bloomberg 12/10/2020 Mario Sergio Lima (Bloomberg) -- Brazil’s central bank signaled it may be unable to fulfill its pledge to keep interest rates at a record low for long due to rising inflation expectations. The bank, led by its President Roberto Campos Neto, on Wednesday held the benchmark Selic rate at 2% for the third straight meeting but said inflation expectations for the next two years are rising toward the target. That means conditions for keeping borrowing costs low may soon not be met, it added. That �...