The government may submit the new fiscal framework bill, the Copom will meet on Tuesday to discuss the basic interest rate, and Lula will travel to China this weekend

BRAZIL POLITICS - Report 20 Mar 2023 by Murillo de Aragão and Cristiano Noronha

The government may submit a supplementary bill to Congress on the new fiscal framework. Last week, the economic team presented the text to President Lula (PT). The bill will first be analyzed in the House. The Monetary Policy Committee (Copom) of the Central Bank will meet this Tuesday and Wednesday, March 21 and 22, to decide on the basic interest rate (Selic). Today, the Selic is at 13.75% per year. This weekend, President Lula will travel to China. Dozens of politicians and businessmen will join him. Around 20 bilateral cooperation agreements are expected to be signed.

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