MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI BRIEF: Text of Bank of Canada Interest-Rate Decision

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Finance Minister Weighs Steps to Ease Credit

BRAZIL
  • USDBRL has spent the past three trading sessions consolidating below the 5.10 support that was breached last week. The break strengthens the current bearish theme and signals scope for a move towards 5.00 and 4.9410, the Feb 2 low. Initial firm resistance moves down to 5.1876, the 50-day EMA.
  • Brazil’s finance chief is considering a series of measures to boost credit in Latin America’s largest economy, saying capital markets have “stalled” under the weight of high interest rates.
    • Among the measures under consideration, he said, is a proposal from the Sao Paulo Industry Federation, or Fiesp, for a program of subsidized credit akin to the so-called “plano safra” offered to the agriculture sector. The plan would cater to companies seeking long-term investment and environmental transition projects. (Bloomberg)
  • Separately, Planning Minister Simone Tebet said Tuesday that the bill which creates Brazil’s new fiscal framework would be ready by close of play yesterday and will be sent to Congress on April 11.
  • BCB Governor Roberto Campos Neto is expected to speak twice today. First at 1300BST/0800ET on the second day of Bradesco BBI Brazil Investment Forum and then at 1600BST/1100ET at an Esfera event.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.