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Brazil economy News

09 Dec 2015

Brazil inflation hits 12 year high

Annual inflation in Brazil has hit a 12-year high at 10.48 percent, the government said Wednesday, in the latest signal of economic disarray in the world`s seventh biggest economy.

02 Oct 2015

Brazil president reshuffles cabinet to avert disaster

At a time of recession, a massive corruption scandal and political instability, Rousseff yesterday said the shakeup would help put the world's seventh biggest economy and Latin America's biggest country back on track.

07 Aug 2015

Brazil inflation hits 12-year high of 9.56%

Brazil`s annual inflation rate climbed to 9.56 percent in July, the highest level since 2003, official data showed Friday.

26 Mar 2015

Brazil jobless rate creeps up to 5.9%

The number of jobless seeking work is estimated at 1.4 million people -- 10.2 percent higher than in January and 14.1 percent up on February last year, the figures showed.

Brazil central bank

04 Dec 2014

Brazil lifts key rate 0.5 points to 11.75%

Brazil`s central bank on Wednesday raised its key interest rate by 50 basis points to 11.75 percent, surprising many analysts who had expected a rise of just a quarter percentage point.

02 Dec 2014

Brazil posts worst November trade deficit in 20 years

Brazil on Monday posted a $2.35 billion trade deficit in November, the country`s worst monthly result in 20 years, and cementing its slide into the red for the year after a decade of surpluses.

Brazil central bank

30 Oct 2014

Brazil lifts key rate to 11.25%

Brazil`s central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff`s re-election as president.

30 Aug 2014

Brazil falls into recession as election looms

Brazil's GDP shrank 0.6 per cent in the second quarter.

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