-- Brazil’s central bank cut its interest rate by a quarter-point, slowing its easing pace in a split vote that exposed rifts between members nominated by President Luiz Inacio Lula da Silva and more hawkish directors.Trump Judge Indefinitely Postpones Documents Case Trial
In subsequent public appearances, directors Gabriel Galipolo and Ailton Aquino — both of whom backed a larger cut — refrained from reinforcing the message, sparking speculation that not all board members were in agreement.In Wednesday’s statement, central bankers removed language that they had repeatedly used to signal the size of future monetary easing.
“In spite of the number of votes in favor of a half-point cut, the message of the statement was tough,” said Tatiana Pinheiro, an economist at Galapagos Capital. “I don’t see the board accelerating the pace of cuts again at coming meetings.” The bank’s decision on Wednesday could revive political tensions, as Lula prods his cabinet for proposals to juice economic growth while many allies continue to criticize Campos Neto for not loosening monetary policy fast enough.
MONTREAL — WSP Global Inc. says it earned $126.8 million in the first quarter, up from $112.5 million a year earlier. The Montreal-based engineering company says revenues for the quarter were $3.6 billion, up from $3.5 billion during the same quarter last year. Basic net earnings per share were $1.02, up from 90 cents last year, while adjusted net earnings per share came to $1.55, up from $1.37 last year. WSP says its backlog as of March 30 stood at $14.2 billion.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »