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IP Data Due, Government Mulls Taxing Banks to Offset Debt Plan

BRAZIL
  • Industrial production likely surged 0.5% in February on a monthly basis, according to the median estimate in a Bloomberg survey, after falling 2.4% in the month before. National statistics agency IBGE releases the report at the top of the hour:
    • Feb. Industrial Production YoY, est. -4.9%, prior -7.2%
    • Feb. Industrial Production MoM, est. 0.5%, prior -2.4%
  • President Bolsonaro’s government is considering increasing a levy on banks, the so-called CSLL, as a way to help offset revenue losses stemming from tax debt renegotiation program for small and micro enterprises known as Relp, two people with direct knowledge of the matter said. (BBG)
  • *Brazil's ex-judge Moro drops presidential bid, swaps party - https://www.reuters.com/world/americas/brazils-bolsonaro-releases-ministers-move-bolster-re-election-bid-2022-03-31/?taid=624605eb9a7ba200011ce0e3&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
  • Brazil’s Doria Steps Down as Governor To Run For President (BBG)
    • Deputy Governor Rodrigo Garcia to replace Doria starting on April 2 and plans to run for election in October.
    • “I will be a candidate for the presidency for the PSDB party alongside people who have respect for democracy,” said Doria.

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