Free Trial

Copom Minutes Due Tomorrow, IPCA Inflation Data Wednesday

BRAZIL
  • Broad dollar indices are close to unchanged amid a subdued start to the week. Gloabal markets likely to pay attention to potential comments from ECB President Lagarde, due to testify at a virtual hearing before the European Parliament Economic and Monetary Affairs Committee.
  • Copom Minutes scheduled for release tomorrow before the open following the third 150bp Selic rate hike in a row. BCB Review can be found here: https://marketnews.com/mni-bcb-review-feb-2022-pace-moderation-signalled
  • Inflation data, both domestically on Wednesday and from the US on Thursday will then be in focus.
  • Month-on-month inflation as measured by the IGP-DI index rose by 2.01% in January, above the median estimate of 1.75% in a Bloomberg survey, after a 1.25% increase in prior reading. For reference, producer prices represent 60% of the IGP-DI index.
  • Economy Minister Paulo Guedes’ team is trying to halt a bill in the Senate that could cost 100 billion reais in additional spendings to curb fuel prices, according to reports from Estado. Today, Guedes meets with treasury officials including Ricardo Soriano and Esteves Colnago.

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.