The Copom increased the benchmark interest rate by one percentage point, Haddad announced the expansion of payroll-deductible loans, and truck drivers will meet to discuss potential diesel price increases

BRAZIL POLITICS - Report 30 Jan 2025 by Murillo de Aragão and Cristiano Noronha

As expected, the Central Bank raised the benchmark interest rate (Selic) by 1 percentage point, bringing it to 13.25% per year. In an effort to create a positive agenda, Finance Minister Fernando Haddad (PT) announced the expansion of payroll-deductible loans through a new virtual platform that will allow private-sector employees with formal contracts to access credit. Amid concerns over a potential diesel price increase, truck drivers will meet on February 8 at the Port of Santos to define their priority agenda for discussions with the Lula administration (PT) and the National Land Transport Agency (ANTT) in 2025.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.