As Brazil central bank President Alexandre Tombini wraps up a two-day policy meeting in Brasilia today, there’s one thing his three-year tenure has proven is almost certain: he will not leave interest rates unchanged.
Portugal should seek a precautionary credit line from the European Union to help ensure successful access to debt markets after its bailout program ends in May, former Finance Minister Fernando Teixeira dos Santos said.
Angola Telecom, the African country’s state-run phone company, is on track to make a profit for the first time in eight years after receiving a $314 million government bailout to fund debt payments and boost sales.
The Brazilian heat wave and drought threatening coffee crops and pushing up domestic hydropower prices will ease this week as a cold front approaching the country’s south brings showers, a government forecaster said.
Brazil’s consumer prices rose less in January than economists estimated, reinforcing bets the central bank will slow the pace of interest rate increases in the world’s second-biggest emerging market. Swap rates fell.