26 Jun, 2014

Economy News and Outlook on 24/06/2014_Bloomberg

WooriBank 조회 수 28396 추천 수 0 목록

June 23 (Bloomberg) -- Brazil’s swap rates dropped as economists cut their growth outlook for a fourth straight week,

adding to speculation that policy makers will limit further increases in borrowing costs.
Swap rates on contracts maturing in January 2017 fell four basis points to 11.50 percent at the close in Sao Paulo.


The real advanced 0.5 percent to 2.2186 per U.S. dollar, the strongest level since May 22.

Economists lowered their growth forecast for gross domestic product this year to 1.16 percent

from 1.24 percent a week ago, according to the median of about 100 estimates in a central bank survey published today.

Slowing expansion spurred Brazil to hold its benchmark lending rate at 11 percent on May 28

after nine consecutive increases to curb inflation.

“We do not see a recovery in the short term,” Luciano Rostagno, the chief strategist at Banco Mizuho do Brasil

in Sao Paulo, said in a telephone interview. “There won’t be room for a rate increase again this year.”
President Dilma Rousseff is battling a combination of accelerating inflation and a slowing economy

as the October election approaches.
Banco Santander SA reduced its outlook for Brazil’s growth in 2014 to 0.9 percent from a prior 1.3 percent,

citing a plunge in consumer and business confidence as well as a slump in credit markets and high inventories.

Faster Inflation

The national statistics agency reported last week that inflation accelerated in the 12 months

through mid-June to 6.41 percent, approaching the 6.5 percent upper level of the official target range.

The central bank is due on June 26 to publish its quarterly inflation report, which will include its revised estimate

for GDP growth.
To support the real and limit import price increases, Brazil sold $198.5 million of foreign-exchange swaps today

and rolled over contracts worth $494.7 million.

The central bank announced June 6 that it was extending its intervention, which had been scheduled to end this month.

Policy makers may affect currency trading when they announce details of the program, Rostagno said.

List of Articles
번호 제목 날짜 조회 수sort
25 한국어 LatAm Fixed Income & Economics Daily (5/20) 2014-05-21 34916
24 한국어 2014년 브라질 월드컵 기간 중 브라질우리은행 근무시간 변경안내 file 2014-05-29 31482
23 한국어 Economy News and Outlook(20140701) 2014-07-02 31315
22 Portugues Relatório Gerenciamento Riscos - 2015 file 2016-04-20 31312
» 한국어 Economy News and Outlook on 24/06/2014_Bloomberg 2014-06-26 28396
20 Portugues Demonstrações Financeiras - 2015 file 2016-04-20 28072
19 Portugues RELATÓRIO DE OUVIDORIA 2015 file 2016-06-01 27832
18 한국어 Economy News and Outlook(2014.06.27)_Bloomberg 2014-07-01 27360
17 Portugues Demonstrações Financeiras - 1 SEM/2016 file 2016-10-18 24062
16 Portugues RELATÓRIO DE OUVIDORIA 2016 file 2018-03-17 20788
15 Portugues DEMONSTRAÇÕES FINANCEIRAS - DEZ/19 file 2020-06-18 18869
14 Portugues RELATÓRIO GESTÃO RISCOS - MAR/19 file 2019-07-13 17735
13 Portugues RELATÓRIO GESTÃO RISCOS - 1º SEM18 file 2019-03-21 16734
12 Portugues RELATÓRIO OUVIDORIA - 06/18 file 2019-03-21 15657
11 Portugues RELATÓRIO GESTÃO RISCOS - DEZ/18 file 2019-07-13 15613
10 Portugues Relatório Gestão de Riscos - 1º Sem2019 file 2019-09-28 15581
9 Portugues Relatório Gestão Riscos - Set/18 file 2019-07-13 15550
8 Portugues DEMONSTRAÇÕES FINANCEIRAS - JUNHO 2020 file 2020-09-29 14283
7 Portugues RELATÓRIO GESTÃO RISCOS - SET/19 file 2019-12-31 14001
6 Portugues POLITICA DE SEGURANÇA CIBERNÉTICA file 2020-06-19 13858