The dollar closed down yesterday, trading at R$4.9741, after having surpassed the barrier of R$5.00. According to Getmoney operators, the activation of scheduled sales and the entry of exporters into the market contributed to the devaluation of the American currency, which reached a low of R$4.9373 during the day.
Today, the attention of the financial market turns to the publication of the Minutes of the Monetary Policy Committee (Copom) of the Central Bank and the Broad National Consumer Price Index 15 (IPCA-15). The removal of the expression “plural” from the latest Copom statement raised expectations about possible adjustments in the Selic rate, currently at 10.75% per year, and the future of the country’s monetary policy.
The IPCA-15, in turn, is eagerly awaited after forecasts of an increase of 0.33%, contrasting with the increase of 0.78% recorded in February. This slowdown would take twelve-month accumulated inflation from 4.49% to 4.14%, signaling a possible inflationary relief.
In the Copom minutes, the Central Bank is expected to provide more clarity on the next steps, emphasizing the need for flexibility in the face of an uncertain economic scenario. The change in communication, eliminating the indication of cuts in “next meetings”, reflects the Committee’s caution regarding promises of future monetary adjustments.
These events are fundamental for investors and analysts, who seek signals about the direction of the Brazilian economy and the conduct of monetary policy amid internal and external challenges.
Source: SpaceMoney
