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BMO Maintain "Range-Trading Bias"

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Rare SOFR Futures Activity In Early Asia Trade

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Minister Guedes says:

  • Brazil's higher tax collection to become lower taxes
  • Brazil to surpass 2015 GDP level
  • Brazil's special PIS/COFINS regimes create insecurity
  • Brazil must exit the current tax madhouse
  • Suggesting moderation in tax reform
  • Brazil tax collection shows strength of economic rebound
  • Brazil's tax collection is BRL200b above 1H20 level
  • Brazil able to move ahead with a bolder tax reform (All BBG)