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Brazil s GDP on track to better results than expected

General Silva e Luna s appointment as CEO of Petrobras buffered a Sao Paulo stock exchange plunge. Brazil s Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country s Gross Domestic Product (GDP) rose 1.70% in February 2021, against January s figures, it was announced Monday. The new data show a positive variation of 0.98% year to year, against the -0.4% analysts had envisioned. The official forecast of the Central Bank on GDP expansion for 2021 is 3.6%. But the projected inflation for this year remained unchanged at 4.9%, still above the central bank s target of 3.75%, which is also the case for the 2022 projections, as the weekly Focus report set it at 3.6% against the Central Bank s goal of 3.5%.

Brazil s Central Bank President Expects to Have News on a CBDC Soon – Finance Bitcoin News

Brazil s Central Bank President Expects to Have News on a CBDC Soon The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.” No Decision Has Been Made on Whether the Digital Real Will Be Interest-Bearing During an online debate hosted by the Bank of Spain, cited by Reuters, Roberto Campos Neto highlighted that the central bank is “making progress” on the plans to digitalize the Brazilian real.

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