About: http://data.cimple.eu/news-article/401f724eee2ce1cf50e191d1f73ed176de82f2e90894343aaa9ecf90

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/401f724eee2ce1cf50e191d1f73ed176de82f2e90894343aaa9ecf90 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Brazil's annual inflation rate broke through the ceiling of the central bank's target range in March at 6.1 percent, officials said Friday, adding to headaches for policy makers facing an economic slowdown and rising prices. The rate increased sharply from 5.2 percent in February and far surpassed the central bank's target limit of 5.25 percent, making it almost certain the bank will hike interest rates for the second straight time at its next meeting in May, analysts said. That would further put the brakes on price increases but also economic growth, at a time when Latin America's biggest economy is already showing signs of trouble as a deadly surge of Covid-19 wreaks havoc on the country. "The central bank is clearly worried by above-target inflation and another 75 basis-point hike in the Selic (benchmark interest) rate, to 3.5 percent, at the next meeting in May looks likely," said consulting firm Capital Economics. The monthly inflation rate came in at 0.93 percent, a six-year high for March, said national statistics institute IBGE. The central bank's annual inflation target is 3.75 percent, plus or minus 1.5 percentage points. Rising prices led the bank to hike the interest rate by a larger-than-expected 0.75 points last month, after holding it at a record low of two percent for seven months to counter the economic blow of the pandemic. Brazil's economy shrank 4.1 percent last year, its third-biggest contraction on record but better than many major economies. It is expected to regain some ground this year, but the outlook has been dimming amid an explosion of Covid-19. Experts polled by the central bank are forecasting GDP growth of 3.17 percent this year, down from 3.26 percent four weeks ago. Brazil's health system is struggling amid the world's highest average daily death toll in the pandemic, with 2,820 people a day killed by the virus over the past week in the country of 212 million people. Covid-19 has claimed more than 345,000 lives in Brazil, second only to the United States. Far-right President Jair Bolsonaro, who has railed against lockdowns, face masks and vaccines to contain the pandemic, faces mounting pressure to get the health crisis under control, including from the business sector. jhb/ft
schema:headline	Brazil inflation tops target at 6.1%
schema:mentions	Latin America The Monthly Health system Interest rate National Institute of Statistics and Geography Brazilian Institute of Geography and Statistics Far-right politics President of Brazil Inflation Gross domestic product Jair Bolsonaro Pandemic Virus Brazil United States Coronavirus disease 2019 Straight Time Economic forecasting Capital Economics Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	55 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software