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Free AccessPetrobras, Ibovespa Recover -- Mid-Month IPCA Inflation
Yesterday saw the Real marginally firmer as local assets pared losses following Monday's blowout price action. Petrobras retraced 12% higher and helped Ibovespa gain 2.25% on the session. The DI swap curve shifted lower between 5-16 basis points.
Many analysts have adjusted their calls for the BCB on March 17th amid the local developments with market pricing now suggesting a 50 basis points rate hike may be the most probable outcome.
Brazil also reports mid-month IPCA inflation at the top of the hour (Times GMT/ET):
- 24-Feb 1200/0700 Brazil Mid-month IPCA Inflation** (Expected 4.59% y/y vs 4.30% prior)
- 24-Feb 1200/0700 Brazil Mid-month IPCA Inflation** (Expected 0.5% m/m vs 0.78% prior)
To read the full story
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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.