Free Trial

Mid-Month IPCA Inflation Data Eyed

BRAZIL
  • This morning's Focus survey highlighted the worsening trend for both 2022 Inflation expectations and growth forecasts. November mid-month IPCA, due on Thursday is expected to rise to 10.66% Y/y. This will be the final inflation print markets receive before the December Copom decision, scheduled for December 8.
    • Market participants will continue to monitor the debate on the spending cap bill in the Senate as government already signalled it may support a change in the text to ease approval by senators. Further discussions are scheduled today.
    • USDBRL is a touch lower to start the week after a near 3% rise last week, back to around 5.60.
  • Brazil's Economy Ministry discloses 2021 budget bimonthly report on expenses and revenues. Special Treasury Secretary Esteves Colnago and Treasury Secretary Paulo Valle hold press conference to comment the results at 5pm, Brasilia time.
  • Law establishing a subsidy program for cooking gas was published in official gazette.
    • Program is intended to mitigate the effect of the price of LPG on the budget of low-income families.

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.