Free Trial

IPCA Inflation Expected To Rise to 8.41%

BRAZIL
  • Markets will focus on today's IPCA inflation data, ahead of the August BCB meeting where some analysts are now calling for a 100bps rate hike. The headline annual print is expected to rise to 8.41%. USDBRL consolidated above 5.20 yesterday and further pressure on EMFX may weigh on the Real at the open.
    • - 1300BST/0800ET: June IBGE Inflation IPCA y/y, est. 8.41%, prior 8.06%
    • - 1300BST/0800ET: June IBGE Inflation IPCA m/m, est. 0.59%, prior 0.83%
  • Comments from Minister Guedes on the currency:
    • If there wasn't "an internal war within the government", FX rate would be lower by now (referring to USDBRL), Brazil's Economy Minister Paulo Guedes says during a hearing at Lower House committee.
    • Brazil is having a record in exports, trade surplus, dollar should had plummeted by now, he says.
  • Treasury auctions fixed-rate LTN local notes due 2022, 2023 and 2025; fixed-rate NTN-F local notes due 2027 and 2031; and Selic-linked LFT notes due 2023 and 2027
  • Brazil Health Minister Marcelo Queiroga holds press conference, 11:30am Brasilia Time

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.