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Tomorrow's inflation data and Wednesday's Retail Sales will be closely watched by the central bank. With many pricing in a rate hike at the March meeting, the inflation reading could prove instrumental in this decision. Further pressures were evident this morning in the economist's survey:
- Brazil economists forecast 3.60% 2021 inflation; prior 3.53% (bbg)
Separately Speaker Lira will be sending administrative reform to committee Feb. 9. The proposal to the Constitution and Justice Committee is the first step for discussions to start.
- Says he's committed to taking the public sector reform to a floor vote.