Brasilia

BRASILIA, June 25 (Reuters) - Brazil’s National Monetary Council (CMN) on Thursday set the central bank’s 2023 inflation target at 3.25%, with a tolerance margin of 1.5 percentage points on either side. The CMN, Brazil’s highest economic policy body, which includes the economy minister and central bank president, kept the…

(Adds detail, comment)BRASILIA, June 25 (Reuters) - Annual inflation in Brazil fell in June to its lowest in at least 20 years, according to a mid-month measure of consumer prices on Thursday, although not quite as low as expected as prices remained virtually unchanged on a monthly basis.The 1.9% annual…

BRASILIA/SAO PAULO (Reuters) - Brazil’s Senate late on Wednesday approved a new sanitation bill, in a move that is expected to prompt states and municipalities to privatize water and sewage companies, luring investors. The bill, which needs President Jair Bolsonaro’s approval to become law, foresees the universalization of sanitation services…

BRASILIA, June 24 (Reuters) - Brazil’s primary budget deficit this year could reach 800 billion reais ($152 billion), or more than 11% of gross domestic product, Treasury Secretary Mansueto Almeida said on Wednesday, which would be higher than current official forecasts. Speaking in an online live event hosted by Citi,…

Brazil's central bank said Tuesday it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive. Brazil, which has the second-most WhatsApp users worldwide after India, was the pilot country for the…

SAO PAULO/BRASILIA (Reuters) - Brazil's central bank effectively suspended a newly-launched system allowing users of Facebook Inc's WhatsApp messaging service to send money via chats, ordering Visa V.N and Mastercard MA.N to halt payments and transfers via the system.A 3D printed Whatsapp logo is placed on the keyboard in this…

BRASILIA, June 23 (Reuters) - Brazil’s central bank ruled on Tuesday that Visa and Mastercard must suspend launching payments and transfers on Facebook’s WhatsApp in the country, or must cease such operations immediately, according to a statement. The bank said it had made the decision in order to preserve the…

(Adds detail, quote) By Jamie McGeever BRASILIA, June 23 (Reuters) - Brazil’s central bank on Tuesday announced a series of measures to potentially pump hundreds of billions of reais into the economy, boosting credit in particular to micro, small and medium-sized companies struggling in the coronavirus crisis. The measures include…

BRASILIA, June 23 (Reuters) - Brazil’s central bank President Roberto Campos Neto said on Tuesday that firms will be able to use real estate as collateral for additional loans, a program that could potentially provide up to 60 billion reais ($11.6 billion) of new credit. In a presentation outlining the…

BRASILIA, June 23 (Reuters) - Brazil’s federal tax revenue fell to 77.4 billion reais ($15 billion) in May, the federal tax service said on Tuesday, down 32.9% in real terms on the same month last year. It was more, however, than the 69.9 billion reais forecast in a Reuters poll…