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Campos Neto Speaks At Santander Conference, July Formal Job Creation Due

BRAZIL
  • BCB President Campos Neto is due to speak at the Santander annual conference in Sao Paulo at 1400BST(0900ET). Meanwhile, Dario Durigan, executive secretary of the Finance Ministry and Gustavo Guimaraes, executive secretary of the Planning Ministry are scheduled to hold a press conference on the spending review process at 1500BST(1000ET).
  • On the data front, formal job creation figures for July will be released at 1830BST(1330ET), with analysts looking for a 190k gain, following a 201.7k increase in June.
  • In other news, Finance Minister Haddad has suggested to President Lula that he names his choice for the new head of the BCB in August or September. He also said that the BCB may need to keep restrictive rates for some time as the country enters a cycle of sustainable growth, adding that the government is likely to review its growth forecasts amidst record job creation.
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