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Presidential Candidates Unite In Criticism Of Bolsonaro

BRAZIL
  • Brazilian assets rallied on Friday with USDBRL closing back below 5.60 and the long end of the DI curve seen lower by around 25 basis points. Optimism for emerging markets provided a rejuvenated optimism from market participants, despite the continued fiscal/covid uncertainties lingering in the background.
  • In the latest central bank focus survey, expectations for inflation were revised slightly higher:
    • Brazil economists forecast 4.92% 2021 inflation; prior 4.85%
    • Brazil economists forecast 3.60% 2022 inflation; prior 3.53%
  • Presidential candidates unite in attacks on Bolsonaro – (ESTADAO)
  • *Former Finance Minister Ciro Gomes and Governors participated in the closing panel of the seventh edition of the Brazil conference – an event organised by the community of Brazilian Students in Boston, in partnership with Estadao.
  • *Participants made harsh criticisms of President Bolsonaro and the conduct of the federal government in the management of the pandemic and in areas sensitive to the country's development, such as the environment, foreign relations and education.
  • *They also spoke of "convergence" in a country project and to defeat Bolsonaro in the 2022 election.
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