Brazil Takes Big Leap Toward Cryptocurrency Adoption As Inflation Soars

The Brazilian Chamber of Deputies approved on Tuesday new rules for the adoption of cryptocurrencies to better supervise the sector. development comes after the promise of central bank to reduce the inflation. Once again on Tuesday, the head of Brazil’s central bank, Diogo Guillén, highlighted keeping the CPI lower with an annual inflation rate close … Read more

Surprise in Brazil: Bolsonaro soars in the polls

Bolsonaro, already considered a loser in the first round, actually flies in the polls. Hated like only Trump and Orban before him, he has nevertheless boosted the Brazilian economy and the population recognizes it. Lula seeks the Catholic vote, sweeping her LGBTI agenda under the rug. For now they are given almost par. More than … Read more

Brazil’s risk premium soars after Congress lifts spending cap

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By Marcela Ayres and Jose de Castro BRAZILIAJul 22 – Brazilian fixed income markets are pricing in the highest risk in recent years, setting off alarm bells among investors and government officials who see little relief in sight. Global interest rate hikes and recession risks have put all emerging markets under pressure, but Brazil is … Read more

Brazil risk premium soars after Congress withdraws spending cap

Brazilian fixed income markets are pricing in the highest risk in recent years, setting off alarm bells among investors and government officials who see little relief in sight. Global interest rate hikes and recession risks have put all emerging markets under pressure, but Brazil is facing special scrutiny after Congress lifted a public spending cap … Read more