MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BRL Moderately Firmer, Markets Awaiting Lula’s Fiscal Framework Approval

BRAZIL
  • With markets trading in more settled fashion ahead of the ECB release, the Brazilian real is opening on a brighter note, up around 0.25% to trade at BRL 5.2750. Volatility across global markets continues to be the main driver for local assets.
  • On the local docket, the unemployment rate will be published on Friday, however, the focus will be on the latest BCB Focus survey inflation expectations before Wednesday’s Copom decision which carries greater weight than usual due to the administration’s rhetoric surrounding the high Selic rate.
  • Second tier inflation data released this morning from FGV which showed Brazil’s March IGP-10 inflation index at 0.05% M/m, slightly below the 0.08% median estimate.
  • Local media continue to report that Finance Minister Fernando Haddad has already sent the new fiscal framework to President Lula, who is expected to announce his approval before next BCB rate decision on Wednesday so policy makers can incorporate the fiscal outlook into its decision/statement.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.