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Brazil’s VP says development bank should be strengthened to leverage the economy

Brazil’s VP says development bank should be strengthened to leverage the economy

2/2 © Reuters. FILE PHOTO: Geraldo Alckmin, newly elected Vice President of Brazil, waves before attending a meeting at the transition government building in Brasilia, Brazil December 13, 2022. REUTERS/Ueslei Marcelino 2/2 BRASILIA (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Wednesday that the state-run development bank BNDES should reduce interest rates to lenders,…

Indonesia’s 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister

Indonesia’s 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister

© Reuters. FILE PHOTO: Indonesia’s Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 14 July 2022. Made Nagi/Pool via REUTERS By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia recorded a 464.3 trillion rupiah ($29.77 billion)fiscal deficit…

ECB must stop quick wage growth from fuelling inflation, Lagarde says

ECB must stop quick wage growth from fuelling inflation, Lagarde says

© Reuters. FILE PHOTO: President of European Central Bank Christine Lagarde arrives for a meeting with Cypriot President Nicos Anastasiades at the Presidential Palace in Nicosia, Cyprus March 30, 2022. REUTERS/Yiannis Kourtoglou FRANKFURT (Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to…