View top headlines newspapers this Friday (31), highlighting Selic at 26.50% per year to contain the inflation target, according to Central Bank president Roberto Campos Neto:
Policy
Fiscal framework: Voting on the project will be a test of fire for the base of the Lula government – The mystery surrounding the rule that will replace the spending cap ended this Thursday (30) with the presentation of the new fiscal framework by Minister Fernando Haddad (Finance) – Money Times
Arthur Lira: Fiscal framework will be a guideline, more flexible than the spending ceiling – Economic value
Bolsonaro returns to the country, criticizes Lula and does not explain jewelry; petista reappears – The State of São Paulo
Economy
Selic should be 26.5% (!!!) to meet inflation target in 2023, says Campos Neto –
Under strong pressure from the Lula government to reduce the basic interest rate, the president of the Central Bank (BC), Roberto Campos Neto, said this Thursday (30) that, in order to meet the 2023 inflation target, the Selic rate should be 26.5% per annum. He stated, however, that it would be “impossible” to raise interest rates at this level. – Money Times
New fiscal anchor provides floor for expenses and investments – The State of São Paulo
Analysis: Why the fiscal framework is not enough for the BC to lower interest rates – Economic value
Companies
Luiza Trajano, from Magalu (MGLU3), thickens her speech against Asian retailers; ‘paying cheap takes away jobs’ – Asian retailers are being a thorn in the side of Brazilians, including Magazine Luiza (MGLU3). Participating in the South Summit Brazil, businesswoman Luiza Helena Trajano stated that “there is no way to compete if you pay 37% tax and the other does not” – Money Times
Oi’s plan must be presented to Justice in May – Economic value
Judicial recovery requests skyrocket and should increase by 50% this year – The State of São Paulo
International
Global markets hide the game in the last trading session of March Global markets fluctuated without a clear direction this Friday (31), hiding the game in the last trading session of March. Investors await release of inflation data in the United States – Money Times
Trump indicted on criminal charges in New York – Financial Times
Americans Are Losing Faith in College Education, WSJ-NORC Poll Finds – The Wall Street Journal
Source: Moneytimes
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