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Fernando Haddad's - 1 GloboNews - 1 Haddad - 1 Luiz Inacio Lula da - 1 Lula - 1 Fabricio de Castro - 1 Gabriel Araujo - 1 Emelia Sithole - 1
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SAO PAULO - 1 Monetary - 1 Thomson - 1

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☆ Brazil finance minister confirms 3% inflation target in 2024, backs tweaking time frame
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +2 min
SAO PAULO, June 29 (Reuters) - Brazil's finance minister has confirmed the country's monetary council will keep next year's inflation target at 3%, but reiterated he expects the body to tweak the time frame used to assess the goal's fulfillment. Fernando Haddad's remarks in an interview with GloboNews aired late on Wednesday came as markets on Thursday closely watch the National Monetary Council's (CMN) meeting for potential changes on inflation targets. Inflation targets that have the calendar year as a time frame cause "unnecessary pressure," he said. The central bank currently targets inflation of 3.25% in 2023 and 3% in 2024 and 2025, with a tolerance margin of 1.5 percentage points up or down. Lula previously hinted at potentially changing inflation targets to increase them and enable monetary policy easing, a move that helped worsen expectations for consumer price changes.
Persons: Fernando Haddad's, GloboNews, Haddad, Luiz Inacio Lula da, Lula, Fabricio de Castro, Gabriel Araujo, Emelia Sithole Organizations: SAO PAULO, Monetary, Thomson
☆ Brazil's Santander to sell 40% of WebMotors to Carsales.com for $240 mln
  + stars: | 2023-03-07 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, March 7 (Reuters) - Brazilian lender Santander Brasil SA said on Tuesday it will sell 40% of car-selling platform WebMotors to Australia's Carsales.com (CAR.AX) for 1.24 billion reais ($238.87 million). Carsales will hold 70% of WebMotors after the deal is concluded, while Santander will own the remaining 30%. The lender will continue as a partner of the platform in providing credit, insurance and other financial solutions to its users. The deal will be accompanied by a capital increase of A$500 million ($329 million) in Carsales, Santander said. ($1 = 5.1910 reais)($1 = 1.5188 Australian dollars)Reporting by Fabricio de Castro; Writing by Peter Frontini; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.
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