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Brazil Sees $1.5 Billion Fiscal Impact From Post-Flood Measures

Brazil Sees $1.5 Billion Fiscal Impact From Post-Flood Measures
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Brazil's Historic Floods Create a 'Katrina Moment' for Lula's Presidency

Brazil's Historic Floods Create a 'Katrina Moment' for Lula's Presidency
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Brazil government expects rates to fall by at least 50 bps -minister

Brazil government expects rates to fall by at least 50 bps -minister
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Brazil government expects rates to fall by at least 50 bps -minister

The Brazilian government expects cuts of at least 50 basis points in the central bank's benchmark interest rate over the remaining three meetings this year, aiming to end 2023 with the rate below 12%, Planning Minister Simone Tebet said on Tuesday. During an interview with TV GloboNews, Tebet voiced support for the formal autonomy of the central bank. Policymakers have consistently stressed that the central bank will keep the 50 basis point rate cut pace, with eventual changes contingent on significant shifts in the inflation outlook.

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Brazil government expects rates to fall by at least 50 bps -minister

Brazil government expects rates to fall by at least 50 bps -minister
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