The main focus this Friday (10) is the inflation for the month of February, measured by the Extended Consumer Price Index (IPCA) and released at 9 am.
The indicator can give a clue around the bets on a drop in the Selic rate, so charged by the government and by the private sectors.
The discussion about the interest rate level has heated up in recent days, and a document released last Thursday by the Central Bank (BC), in which the authority recognizes a cooling in the credit market, intensified the debate.
At the other end, also last Thursday, the Minister of Planning, Simone Tebet, stated that “the fiscal framework will please everyone, including the market”. The statement was given after a meeting with the Minister of Finance, Fernando Haddad, and the government’s economic wing, in which replacing the spending cap was the main agenda.
The expectation continues, and the new model can be presented before the BC meeting, which takes place between the 21st and 22nd of March – that is, in 10 days. The reading is that the fiscal framework can help in the decision on whether or not to lower interest rates here.
Outside, eyes turn to the release of the US employment report, the payroll, an important indicator to understand the size of the monetary tightening promised by the Federal Reserve (Fed, the US BC).
Presented by Muriel Porfiro, the CNN Money it presents a balance of the news subjects that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
*Posted by Tamara Nassif
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
