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Copom Minutes Due at 1200BST

BRAZIL
  • The minutes to last week’s MPC meeting, when the Copom unanimously kept the Selic rate unchanged at 10.50% will be published at 1200BST(0700ET), with focus on any discussions around the balance of risks to inflation or the potential for hikes.
    • The full MNI review of the Copom meeting, with analyst views is here.
  • Meanwhile, June construction costs figures will be released at 1200BST(0700ET), followed by tax collections data for May at 1430BST(0930ET). Tax Agency officials will then comment on the May data at 1500BST.
    • June FGV Construction Costs MoM, est. 1.05%, prior 0.59%
    • May Tax Collections, est. 202.5b, prior 228.9b

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