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Brazilian real may not be fully converted into digital currency - Central Bank president

RIO DE JANEIRO, BRAZIL - Central Bank (BC) President Roberto Campos Neto said on Monday, May 24, that digital currencies such as the one being studied by the BC are better suited to digital contracts gaining strength with blockchain platforms, but he stressed that there are still many questions surrounding the new instrument. In a videoconference promoted by EB Capital private equity firm, Campos Neto said that converting everyone s physical money into digital currency will not be possible, because it would pose a risk to the financial system. If it is an extension of physical currency, and can be converted . . . To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here

UPDATE 1-Brazil cenbank chief says will do what it takes to fulfill inflation mission

UPDATE 1-Brazil cenbank chief says will do what it takes to fulfill inflation mission Reuters 1 hr ago By Jamie McGeever BRASILIA, May 25 (Reuters) - Brazil s central bank will do what it takes to get inflation back to target, bank chief Roberto Campos Neto said on Tuesday, stressing that transparent communication is a key element to achieving its goals and delivering effective monetary policy. In an online event hosted by bank BTG Pactual, Campos Neto recognized that it has been more challenging to steer inflation toward target during the COVID-19 pandemic, but insisted that the central bank will fulfill its mission .

Brazil cenbank will do what it takes to meet inflation goals

Brazil central bank to raise 2021 GDP growth forecast towards 4% -Campos Neto

By Reuters Staff 1 Min Read BRASILIA, May 24 (Reuters) - Brazil’s central bank will revise up its 3.5% economic growth forecast for this year towards 4%, bank president Roberto Campos Neto said on Monday, following a surprisingly strong performance in the first quarter. In an online event hosted by private equity firm EB Capital, Campos Neto also said he anticipates a huge acceleration in Brazil’s COVID-19 vaccination program in June, and noted that inflation expectations are rising due to a mix of fiscal, political and technical factors. (Reporting by Jamie McGeever and Gabriel Ponte Editing by Chris Reese)

LatAm Daily Briefing: Colombia Extends Restrictions, Curfews; Mexico Reports Eighth Consecutive Quarter of Economic Decline

LatAm Daily Briefing: Colombia Extends Restrictions, Curfews; Mexico Reports Eighth Consecutive Quarter of Economic Decline
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