BRASILIA - Brazil’s central bank has adopted a new “forward guidance” strategy to keep interest rates and bond yields low, bring inflation up to target and stimulate the economy’s fragile recovery from the COVID-19 crisis.
Strictly speaking, it is not a brand new policy for the bank’s rate-setting committee, known as Copom. The practice of reassuring markets that interest rates will not be raised for months or even years was briefly implemented under the presidency of Alexandre Tombini in late 2012 to early 2013, when the Selic was a then-low 7.25%.
Instead, forward guidance will be used to assure markets that the Selic rate will be kept low for a considerable period of time - and may yet be slightly lowered further - in the hope that market rates for the next few years will also stay low. Despite the challenges it faces, Copom said forward guidance was the strategy that offered “the best cost-benefit ratio” and would help keep borrowing costs on the “intermediary part” of the yield curve in check.
leopr4do Search for CPMF
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK COVID-19 daily death count could be scrapped: TelegraphThe UK's official COVID-19 daily death count could be scrapped following an investigation into Public Health England's method of counting the toll, The Telegraph newspaper reported. Breaking: We condemn the latest arrest of Jimmy Lai, outspoken pro-democracy activist and owner of opposition newspapers Apple Daily, for 'colluding with foreign powers' under the National Security Law in Hong Kong. We stand with Jimmy. We could report accurately, rather than not at all.
Source: Reuters - 🏆 2. / 97 Read more »
'It's Ridiculous': States Struggle To Accommodate COVID-19 Positive VotersIn Texas — a state that fought expanding mail-in ballot access all the way up to the Supreme Court — COVID-19 positive voters can be put in the position of choosing between their right to vote and the public's health. Absentee ballots for at risk people only I'm all for universal mail in voting, but couldn't states just force positive testing people to vote remotely/via mail? FAKE NEWS, wear a mask to the polls.
Source: NPR - 🏆 96. / 63 Read more »
News Brief: U.S. COVID-19 Cases, Eviction Bans Expire, Hong Kong ArrestMore than 5 million people in the U.S. are diagnosed with COVID-19. Federal and state eviction bans, put in place after the coronavirus, are lapsing. And, a media mogul in Hong Kong has been arrested.
Source: NPRHealth - 🏆 144. / 63 Read more »
'Totally unacceptable': Testing delays force labs to prioritize COVID-19 tests for some, not othersWithout a national plan on testing there simply is not enough capacity now to screen Americans with mild cases who might pass the virus to others. I’ll give it to the dems. They did well with fear mongering What a mess! Fake
Source: USATODAY - 🏆 100. / 63 Read more »
Fact check: Masks can keep out COVID-19 particles even though smaller than dry wall dustThe claim: If masks cannot keep out drywall particles, they cannot keep out coronavirus, which is smaller Our ruling: False I was just reading about how masks are manly being used to dehumanize and terrify the masses. It was a great piece by either Kanye or Kim. I can’t find the link now. The problem is most people don’t change them frequently enough throughout the day but reuse them - keeping them in their bags and pockets. The germs accumulate ....also they need to be disposed of properly and incinerated like in hospitals. They’re littering public places.
Source: USATODAY - 🏆 100. / 63 Read more »
Global Covid-19 cases surpass 20M mark – latest updatesAs global Covid-19 cases cross the 20M mark, here's a look at other updates: 🇧🇷 Brazil reports over 23,000 more cases 🇲🇽 Mexico sees 4,376 new infections 🇦🇺 Australia's Victoria state records 322 cases, 19 deaths For more: Victoria is a state not a country, why compare? Here’s a look at the spread of active Covid19 cases, a disease which has killed over 734,000 people worldwide:
Source: trtworld - 🏆 101. / 63 Read more »