Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Fimalac    FIM   FR0000037947

FIMALAC (FIM)

SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector newsTweets 

FIMALAC : Fitch Maintains 3.2% Brazil Growth Forecast, Sees Inflation Risk

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/28/2012 | 07:30pm CEST

Fitch Ratings on Wednesday kept its 2012 economic-growth forecast for Brazil steady at 3.2%, slightly higher than the country's actual 2011 growth of 2.7%, but it warned of inflation risks from policies aimed at stimulating the economy.

"The slight recovery is underpinned by the easing of monetary policy and macro-prudential measures that were taken previously to rein in credit growth," Fitch said in a report.

Brazil's government in recent months has reduced the country's Selic base interest rate to 9.75% from its 2011 peak of 12.5% while cutting taxes on selected consumer goods and loosening restrictions on consumer credit. The government also ordered a 14% increase in the minimum salary to 622 Brazilian reais ($342) per month.

Such policies, however, could rekindle inflation in Brazil, Fitch warned.

"Fitch expects the end-2012 inflation rate to remain above the middle point of the target range," the report said.

Brazil's government is committed to a 2012 inflation rate of 4.5%, but with a two-percentage-point tolerance, meaning that inflation could weigh in at 6.5% and still be in compliance with the country's inflation-targeting program.

Currently, inflation is running at 5.6%, down from calendar-year inflation of 6.5% in 2011 but still well above the 4.5% target.

Added Fitch: "High services inflation, backward-indexation of certain prices as well as the historically low unemployment rate prevents a faster disinflation."

Brazil's unemployment rate fell to its lowest level ever in December at 4.7%. In February, unemployment rose to 5.7% but economists said the increase was due to seasonal factors only.

Fitch said there were also some downside risks to growth in 2012. These include "an unfavorable external environment, softer growth in China, volatility in commodity prices and a possible spike in investor risk aversion."

-By Tom Murphy, Dow Jones Newswires; 55-11-3544-7090; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIMALAC
06/20 FIMALAC : Publication of the document in response to the document relating to th..
06/20 FIMALAC : Publictaion of the Document relating of the Simplified Tender Offer on..
06/16 FIMALAC : ex-dividend day for annual dividend
06/07 FIMALAC : Press relaese relating to the filing of a draft document in response t..
06/06 FIMALAC : Press relaese relating to the filing of a draft document in response t..
06/01 EU watchdog fines Moody's for credit ratings breaches
05/31 FIMALAC : Press Release relating to the filing of a draft simplified tender offe..
05/30 FIMALAC : Press Release relating to the filing of a draft simplified tender offe..
05/15 FIMALAC : Simplified Tender Offer by Groupe Marc de Lacharrière on Fimalac at a ..
05/09 FIMALAC : First Quater 2017 Revenue
More news
Sector news : Holding Companies - NEC
06/21 HongKong, Canadian funds bid for German metering firm Ista - sources
06/21 HONGKONG, CANADIAN FUNDS BID FOR GER : sources
06/21DJCK HUTCHISON : Asian Tycoons Look to Heirs -- WSJ
06/21 CK HUTCHISON : Hong Kong's Li Ka-shing says retirement won't stop him working
06/20 CK Hutchison skirts report of Li Ka-shing retirement, tycoon in "good health"
More sector news : Holding Companies - NEC
Advertisement
Chart FIMALAC
Duration : Period :
Fimalac Technical Analysis Chart | FIM | FR0000037947 | 4-Traders
Full-screen chart
Technical analysis trends FIMALAC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Managers
NameTitle
Marc Ladreit de Lacharrière Chairman & Chief Executive Officer
Jean-Charles Henri Naouri Independent Director
Philippe Lagayette Senior Independent Director
Jérémie Ladreit de Lacharrière Director
Eléonore Ladreit de Lacharrière Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FIMALAC28.38%3 593
CK HUTCHISON HOLDINGS ..10.92%48 712
INVESTOR23.76%36 478
SK HOLDINGS CO LTD--.--%17 003
HAL TRUST2.26%16 096
KOC HOLDING AS--.--%11 913
More Results