A slower week in Congress, the Copom will meet to decide on the basic interest rate, and the STF may decide on the Reintegra credits

BRAZIL POLITICS - Report 16 Sep 2024 by Murillo de Aragão and Cristiano Noronha

This will be a slower week in the Legislature. Tomorrow, September 17, the Senate’s Economic Affairs Committee (CAE) will hold a public hearing on the impact of the Tax Reform on Special Customs Regimes, Export Processing Zones (ZPEs), and the Capital Goods Regime. This week, the Central Bank's Monetary Policy Committee (Copom) will meet to decide on the basic interest rate (Selic). In the market, the majority expectation is for an increase from 10.50% to 10.75% in the Selic. On Thursday, September 19, the Supreme Federal Court (STF) may resume judgment on whether the Executive Branch can reduce the percentage of Reintegra credits, a federal program aimed at mitigating the impact of accumulated tax residues in the production of goods for export.

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