Sunday, March 7, 2021

High interest in March or May? Market divides and awaits new data

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Must Read

Return of the negotiation of future interest contracts and the release of the Focus Bulletin will signal the market’s expectations for the increase in the Selic rate

The domestic financial market returns from the Carnival holiday this Ash Wednesday from 1 pm, with the reopening of business in B3. But, an hour before, the news is already busy with the dissemination of the Focus Bulletin, with updated market projections for the Brazilian economy in 2021 and 2022.

Want to know how the economy affects asset prices? Read EXAME Research’s free reports

Analysts and investors will pay particular attention to the estimates for inflation and the basic interest rate at the end of this year and the next. Along with the return of negotiation of future interest, both “events” will provide subsidies on the market’s vision and expectations for the basic interest rate, the Selic, today at 2% per year.

The market was building consensus on the rate hike already at the next Copom meeting (the Monetary Policy Committee) on March 16 and 17, because of both the announcement of the last meeting and the minutes of the same. But statements by the president of the Central Bank, Roberto Campos Neto, last Thursday, opened the door to the interpretation that the collegiate body can wait for more information before raising the Selic.

Get unlimited access to the best content of your day. Within minutes, you create your account and continue reading this article. Come on?

digital exam

R $ 9.90 / month

  • Access wherever and whenever you want.
  • Unlimited access to exclusive content on macroeconomics, markets, careers, entrepreneurship, technology and finance.

Sign it

digital + printed exam

R $ 29.90 / month

  • Access wherever and whenever you want
  • Unlimited access to exclusive content on macroeconomics, markets, careers, entrepreneurship, technology and finance.
  • Monthly print edition.
  • Free shipping

Sign it

palheta smll High interest in March or May?  Market divides and awaits new data

4076727

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Latest News

More Articles Like This

High interest in March or May?  Market divides and awaits new data