Congress will host the G20 event next week, the House may vote on the bill that establishes new rules for parliamentary fund transfers, and the Copom will decide on the new basic interest rate

BRAZIL POLITICS - Report 01 Nov 2024 by Murillo de Aragão and Cristiano Noronha

Next week, the National Congress will host the 10th Summit of Presidents of the G20 Parliaments from November 6 to 8. The event’s theme is “Parliaments for a Fair World and a Sustainable Planet.” Due to this, access to Congress will be highly restricted. On Monday or Tuesday, November 4 or 5, the Lower House may vote on a bill establishing new rules for the distribution of parliamentary fund transfers, in line with an agreement between the three branches of government. Amid fiscal uncertainties, the Central Bank’s Monetary Policy Committee (Copom) will decide on the basic interest rate (Selic), currently at 10.75% per year. An increase of half a percentage point is expected.

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