NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Inflation Inches Ahead of Expectations

BRAZIL
  • A surge in education prices was the primary driver for the beat on expectations on the monthly read for IPCA-15 inflation, which rose 6.41% on the month, accelerating from the 0.36% rise in January. Housing, Household Items and Personal expenses prices also accelerated, while food & beverage, clothing, transportation, healthcare and communications costs slowed.
  • In local press, Congress are said to have ruled out any approval for a new fiscal framework in April, according to Estadao, despite the government looking to remain optimistic on the issue.
  • Meanwhile, Globo write that the government are “in a hurry” to complete a fresh set of rules for public accounts in order to signal fiscal responsibility to markets. As a result, Haddad is expected to bring forward a presentation of the new fiscal anchor proposals.
  • After the close yesterday, Brazilian beef exports to China were halted after a confirmed case of mad cow disease by Brazil’s agricultural ministry. Authorities are said to be in conversations with their Chinese counterparts to prompt a re-establishment of the trade flow.
  • Current account balance and FDI data are due ahead of the local market open. Lula is set to be meeting with the Petrobras CEO later today, while finance minister Haddad attends the G20 meeting in India.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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