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Government To Launch Credit Package, Bolsonaro In Hungary

BRAZIL
  • Senate rapporteur for two bills to reduce fuel prices in the country, Senator Jean Paul Prates, decided to postpone the bill presentation to next week in on attempt to reach an understanding that allows the text that is approved in the Senate to also be quickly approved in the lower house.
  • Brazil’s government plans to launch a new credit program targeting small and mid-sized companies, with potential to reach as much as 100b reais in operations, Reuters reports, citing remarks made by the Economy Minister, Paulo Guedes, in a lunch with representatives from services and commerce industries.
  • Additionally, a reminder of yesterday’s Reuters article: Brazil eyes tax exemption for foreign investors in corporate bonds, says Economy Ministry (Reuters)
  • Foreign buying of Brazil's stocks accelerated in the past week as the nation's benchmark equity index rose and the Brazilian real continues to strengthen.
    • The 5-day moving average of net foreign inflows increased to $325.7 million, rising above the 20-day average of $325.1 million, according to data from the B3 SA compiled by Bloomberg.
  • Brazil’s Central Bank workers approved in an assembly held today, with more than 90% of valid votes, plans for another strike on Feb. 24, from 2:00pm to 6:00pm, according to a statement from the National Union of Central Bank Employees, locally known as Sinal.
    • Workers claim for salary readjustments and career restructuring for analysts and technicians. (BBG)
  • *President Bolsonaro travels to Hungary to meet with Prime Minister Orban.

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