MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

Employment Insurance Rises In May After Stable Trend, Up 14% YOY

MNI: US JUL PHILADELPHIA FED MFG INDEX 13.9

MNI: US JOBLESS CLAIMS +20K TO 243K IN JUL 13 WK

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Copom Minutes From May Meeting Released

BRAZIL
  • Link to the minutes: https://www.bcb.gov.br/en/publications/copomminute...
  • Minutes seem very much in line with the statement. Economic activity data surprising to the topside and look to continue with partial normalisation with usual caveats that future decisions will depend upon the "evolution of economic activity, the balance of risks, and the inflation projections and expectations.":
  • * The committee considered that, "despite the greater-than-expected intensity of the second wave of the pandemic, the latest available economic activity data have surprised positively. For the Committee, the second half of the year should bring a robust recovery, as the effects of the vaccine rollout are felt more broadly."
  • * "The Copom then evaluated different normalization paths for the Selic rate. Considering the baseline scenario and the balance of risks, the Committee deemed appropriate another adjustment of the same magnitude in the next meeting, unless inflation determinants change. Additionally, the Committee noted that subsequent uninterrupted increases in the interest rate up to the level considered neutral imply projections considerably below the inflation target at the relevant horizon."
BulletEM BulletEmerging Market News
BulletEM BulletEmerging Market News

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.