The spot dollar closed this Tuesday’s session (26) with an increase of 0.19%, quoted at R$ 4.9823. The movement comes on the eve of the release of the Broad Consumer Price Index, considered the country’s official inflation.
Ibovespa, the main stock index on the Brazilian stock exchange, closed down 0.05%, at 126,863 points. The day before, the index fell 0.08%, to 126,931 points.
The IPCA, considered the preview of official inflation for the month, rose 0.36% in March, reported the IBGE (Brazilian Institute of Geography and Statistics), above market projections.
Furthermore, the Central Bank’s Copom (Monetary Policy Committee) signaled in its minutes that uncertainties in the inflation scenario in the coming months prevent the committee from projecting a new cut in the Selic, the basic interest rate, in June. The document also indicated a “slower pace” of cuts in the coming months.
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