đ The dashboard: Brazilâs benchmark stock index Ibovespa was up 0.28 percent this week. Meanwhile, the Brazilian Real lost 1.71 percent against the U.S. Dollar this week.Â
The cost of Brazilian public debt is at its highest level in almost four years. According to the Treasury Department, the average cost of the federal public debt stock in 12 months reached 9.68 percent in May, the highest level since November 2018. As for the cost of domestic federal public debt securities, it stood at 10.58 percent, the highest rate since October 2017.Â
Behind the numbers. Most of the Brazilian public debt is linked to the IPCA consumer price index and the Selic benchmark interest rate. Both are in the double digits, which pushes the debt stock up.
Consumer prices have...
The Ibre-FGV GDP monitor, a tool to predict economic activity in Brazil, suggests that the…
The floods in the Brazilian state of Rio Grande do Sul have killed nearly 150…
Home to the largest tropical forest in the world, an energy mix that is high…
The northeastern Brazilian state of PiauĂ isn’t among the country’s richest or most populous states…
Rio Grande do Sul Lieutenant-Governor Gabriel Souza said the state government is considering relocating entire…
Affected by severe floods and landslides, Rio Grande do Sul is also Brazil's wine country.…