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IPCA Inflation Data Due Friday Before US Employment Report

BRAZIL
  • Friday’s IPCA inflation data remains in focus where the annual headline rate is expected to dip to 5.53% from 5.63% at the mid-month read. Attention early next week will be on the latest set of expectations in the BCB’s Focus Survey. As noted in the latest Copom statement, medium and longer-term expectations remain critical for the central bank board. For reference, the next BCB meeting is on March 22.
  • Today, President Luiz Inácio Lula da Silva meets with VP and Trade Minister Geraldo Alckmin, Finance Minister Fernando Haddad, Chief of Staff Rui Costa, among others this morning. Separately, central bank’s Campos Neto is in Sao Paulo and is scheduled to meet with bank executives.

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