Copom starts last meeting of the year: See what moves Tuesday

This Tuesday begins the first stage of the last meeting of the Monetary Policy Committee (Copom) of the year

This phase is reserved for technical presentations of the current situation; the second — which takes place tomorrow — is for decisions on monetary policy guidelines.

Expectations are not about high us feesbut rather on the tone of the communiqué from the central bank🇧🇷

BC President, Roberto Campos Netohas already signaled more than once that the monetary authority is concerned with the fiscal risk of the new government.

In addition to proposing a PEC that authorizes the spending of BRL 198 billion above the ceiling to maintain the Brazil Aid in BRL 600 and other programs, Luiz Inacio Lula da Silva said during the elections that he wants to change the fiscal anchor, but has yet to come up with a replacement solution.

With this, the market does not rule out the possibility that the Central Bankl Resume the monetary tightening cycle next year. Or hold the Selic at 13.75% per annum for longer than expected.

Check out other highlights from this Tuesday (6):

Policy

Speaking of PEC, the Constitution, Justice and Citizenship Commission of Senate has a scheduled session to vote on the project presented by the transitional government.

The budget rapporteur, Marcelo Castro, stated that the period should be reduced to two years, instead of four. But the text should keep a total of BRL 198 billion in spending above the ceiling.

Also on the radar is the vote in the Federal Supreme Court (stf) on actions requesting the declaration of unconstitutionality of the rapporteur’s amendments.

Economy

Check out the indicators agenda for this Tuesday (6):