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Government Bimonthly Treasury Report, BCB Focus Survey Due

BRAZIL
  • The government will release its bimonthly Income and Expenses Evaluation report at 1930BST(1430ET), although Finance Minister Haddad has already announced a BRL 15bn spending freeze from this year’s budget, ahead of the report’s publication. The report’s publication will be followed by a press conference with Federal Budget Deputy Secretary Clayton Montes, Treasury Secretary Rogerio Ceron and Tax Agency Secretary Robinson Barreirinhas at 2000BST(1500ET).
  • Earlier in the day, the BCB will publish its weekly Focus survey at 1225BST(0725ET), with the usual estimates for GDP, inflation, the Selic rate and USDBRL. Last week, the 2024 CPI estimate edged down for the first time in several weeks, although the 2025 estimate continued to inch up.
  • Meanwhile, G-20 finance ministers and central bank chiefs, as well as their deputies, will gather in Rio de Janeiro, starting today, to discuss the global economic outlook. Separately, Finance Minister Haddad will meet with BCB Director Gabriel Galipolo and the head of insurance regulator SUSEP at 2000BST(1500ET).
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