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Brazil Mid-Month Inflation, Argentina's Milei Meets With U.S. Officials

LATAM
  • Brazil mid-month IPCA inflation headlines the LatAm calendar on Tuesday. Brazil will also publish formal job creation and central government budget balance data. Elsewhere, Argentina President-elect Javier Milei meets with officials from the US Treasury, the White House and the IMF in Washington. Chile Central Bank event on climate change impacts on macroeconomic and financial stability also continues.
  • Eleven Israelis were freed by Hamas and 33 Palestinians released from prison as the fragile truce in Gaza was extended by two days. Their release came just hours before the deadline for the original four-day ceasefire was set to end.
  • The People’s Bank of China will keep monetary policy accommodative to support the economy, as focus shifts to improving economic structure and forming new growth drivers, said PBOC Governor Pan Gongsheng in a keynote speech at the HKMA-BIS High-Level Conference on Tuesday, according to a statement on the central bank website.
  • Eurozone headline inflation will return to a level above 3% with the ECB “still a considerable distance” away from its target level, Bundesbank president Joachim Nagel said in a speech Tuesday. “We expect a bumpy road ahead, with ups and downs in inflation over the near future,” Nagel added.

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