FOREX TradingCharts.com

Financial News: BRAZIL: Challenge To Read Data Related To Trucker

BRAZIL: Challenge To Read Data Related To Trucker Strike, Says Director

06/29/2018 - 14:44:00 (RTTNews)

(RTTNews) - The Brazilian economy is going through a high level of idleness, suggesting a gradual economic recovery, said Carlos Viana, the Central Bank Director of Economic Policy, while presenting the Quarterly Inflation Report (IR) for the second quarter of 2018.

According to him, the economic effects of the truck drivers' strike point, at first, to a significant drop in activity and a significant jump in inflation in the short term, but this movement tends to be followed by a pronounced return.

"The challenge will be to read this data," Viana said.

For him, there was a rapid effect on food prices. Subsequently, however, there was a stabilization process, followed by a reversal in the inflationary process in some items. He added that in the case of prices linked to the services sector, there is also a smaller impact of the recent appreciation of the U.S. dollar against the Brazilian real.

Regarding employment, the director of the Central Bank observed that the labor market keeps a gradual recovery. In addition, he noted that the international scenario remains more challenging.

"The normalization of monetary policies in central economies has made the environment more challenging for emerging countries," he noted.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hungary's Gross Wage Growth Weakens In May (01 hr(s), 38 min(s), 09 sec(s) ago)
(RTTNews) - Hungary's average gross earnings grew at the slowest pace in more than a year in M ...Full Story»

Dutch Consumer Confidence Remains Stable In July (02 hr(s), 03 min(s), 09 sec(s) ago)
(RTTNews) - Dutch consumer confidence remained unchanged in July, figures from the Central Bureau ...Full Story»

Germany's Producer Price Inflation At 9-Month High (02 hr(s), 29 min(s), 09 sec(s) ago)
(RTTNews) - Germany's producer prices climbed at the fastest pace in nine months in June, Dest ...Full Story»

New Zealand Credit Card Spending Rebounds In June (03 hr(s), 22 min(s), 09 sec(s) ago)
(RTTNews) - New Zealand credit card spending recovered in June, figures from Reserve Bank of New Z ...Full Story»

Japan All Industry Activity Rises Marginally In May (04 hr(s), 04 min(s), 09 sec(s) ago)
(RTTNews) - Japan's all industry activity grew only marginally in May after recovering in Apri ...Full Story»

European Economics Preview: UK Public Sector Finance Data Due (04 hr(s), 26 min(s), 09 sec(s) ago)
(RTTNews) - Public sector finance data from the UK is due on Friday, headlining a light day for th ...Full Story»

Japan Inflation Rises 0.7% On Year In June (51 min(s), 51 sec(s) ago)
(RTTNews) - Consumer prices in Japan were up 0.7 percent on year in June, the Ministry of Internal ...Full Story»

BRAZIL: Trump Criticizes U.S. Monetary Policy And Leads DI Rates Lower (42 min(s), 51 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil changed direction at ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hungary's Gross Wage Growth Weakens In May

07/20/2018 - 03:17 AM (RTTNews)
(RTTNews) - Hungary's average gross earnings grew at the slowest pace in more than a year in M ...Full Story>>

Dutch Consumer Confidence Remains Stable In July

07/20/2018 - 02:52 AM (RTTNews)
(RTTNews) - Dutch consumer confidence remained unchanged in July, figures from the Central Bureau ...Full Story>>

Germany's Producer Price Inflation At 9-Month High

07/20/2018 - 02:26 AM (RTTNews)
(RTTNews) - Germany's producer prices climbed at the fastest pace in nine months in June, Dest ...Full Story>>

New Zealand Credit Card Spending Rebounds In June

07/20/2018 - 01:33 AM (RTTNews)
(RTTNews) - New Zealand credit card spending recovered in June, figures from Reserve Bank of New Z ...Full Story>>

Japan All Industry Activity Rises Marginally In May

07/20/2018 - 00:51 AM (RTTNews)
(RTTNews) - Japan's all industry activity grew only marginally in May after recovering in Apri ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.