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Brazil’s new fiscal rules stricter than they look, finance ministry official says

Brazil’s new fiscal rules stricter than they look, finance ministry official says

© Reuters. FILE PHOTO: A man walks in front the Central bank headquarters building in Brasilia, Brazil October 4, 2021. REUTERS/Adriano Machado/ BRASILIA (Reuters) – Brazil’s newly introduced fiscal framework is stricter than they appear and will require a discussion of important spending cuts, Gabriel Galipolo, the executive secretary of the Finance Ministry, said on…

South Africa’s central bank flags risks of capital outflows and sanctions

South Africa’s central bank flags risks of capital outflows and sanctions

© Reuters. FILE PHOTO: A street money changer counts South African rand in Harare, May 5, 2016. REUTERS/Philimon Bulawayo/File Photo JOHANNESBURG (Reuters) – South Africa’s central bank has warned of risks to the country’s financial stability, due to capital outflows and the possibility of sanctions following a U.S. diplomat’s accusation of supplying weapons to Russia…