After a week focused on interest decisions in Brazil, USA, China and Japan, the next few days will be marked by the disclosure of more information about monetary policy in Brazil, US domestic labor and inflation data.
One of the highlights of the week will be the presentation of the Central Bank’s Monetary Policy Committee (BC) minutes. The document will be released on Tuesday and should bring more elements about the decision that increased a percentage point in the basic interest rate, Selic, raising it to the level of 14.25% AA. Although the advance was expected, the statement that accompanied the decision made a mention of the continuity of the rise cycle, but in less proportions. The minutes should bring more information about the next steps of the committee, as well as the quarterly inflation report
The Central Bank will also move this week around the National Monetary Council meeting on Thursday. The Treasury, in turn, will present the primary result of the central government, estimated at R $ 31 billion for Bradesco, on Wednesday, and the monthly report of public debt on Thursday.
In addition, the Brazilian Institute of Geography and Statistics (IBGE) brings two important disclosures. The first is the IPCA-15 of March, which should have a slowdown
“On the inflation side, the IPCA-15 of March will be released by IBGE and we expect moderation compared to February, although with still challenging composition. About economic activity, we will know the balance of formal jobs (CAGED report) and the continuous unemployment rate of February,” says XP’s economic team.
Employment data will be presented on Friday.
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Outside, the focus is on the main US inflation indicator: the PCE nucleus. Together with the presentation, data on personal spending, personal performance and PCE deflator is released. In addition, will be presented with services and industrialists of the eurozone and in the United States. The PMIs are polls with companies that aim to measure the climate of economic activity.
AGENDA OF THE WEEK:
Monday, 03/24
- 08:00-Brazil-FGV: IPC-S
- 08:25 – Brazil – BCB: Focus Report
- 15:00 – Brazil – Secex: Trade Balance
- 05:30 – Germany – S&P Global: Composite PMI Index – Preliminary
- 06:00 – Global S&P Area: Composite PMI – Preliminary Index
- 09:30 – USA – Fed: National Activity Index (CFNAI) – Feb
Tuesday, 25/03
- 05:00 – Brazil – FIPE: IPC
- 08:00 – Brazil – FGV: Consumer Survey
- 08:00 – BRAZIL – BCB: Disclosure of Copom Minutes
- 06:00 – Germany – Economic Sentiment Research – IFO
Wednesday, 03/26
- 08:00-Brazil-FGV: INCC-M
- 08:00 – Brazil – FGV: Construction poll
- 08:30 – Brazil – BCB: Press Note – External Sector – US $ 9.7 BI
- 14:30 – Brazil – BCB: exchange flow
- Brazil – Treasury: Primary result of the central government – R $ 31 BI
- 05:55 – Germany – Unemployment Rate
Thursday, 27/03
- 08:00 – Brazil – FGV: Industry poll
- 08:00 – Brazil – BCB: Quarterly inflation report
- 09:00-Brazil-IBGE: IPCA-15-0.71%
- Brazil – BCB: Meeting of the National Monetary Council
- 09:30 – USA – Trade Balance
- 09:30 – USA – Unemployment Aid Requests
- 15:00 – Mexico – Central Bank will announce monetary policy decision – 9.00%
Friday, 03/28
- 08:00 -Brazil -FGV: IGP -M –0.22% (m/m)
- 08:00 – Brazil – FGV: Survey of Services
- 08:00 – Brazil – FGV: Trade Survey
- 09:00 – Brazil – IBGE: Continuous Pnad – 6.7% (m/m)
- Brazil – Caged: Formal Employment Generation – 217 thousand
- Brazil – Treasury: Monthly Public Debt Report
- Brazil – ANEEL: Definition of the electricity flag of electricity
- 09:30 – USA – Personal Spells
- 09:30 – USA – Personal Yield
- 09:30 – USA – Bea: PCE deflator
In the week
- Brazil – IRS: tax collection and contributions – R $ 206 BI
