The Senate may vote on the tax reform bill, the government has committed to paying the parliamentary fund transfers tomorrow, and the Copom raised the basic interest rate (Selic)

BRAZIL POLITICS - Report 12 Dec 2024 by Murillo de Aragão and Cristiano Noronha

The Senate floor may vote today on the bill regulating tax reform. The proposal was approved yesterday by the Constitution and Justice Committee. The government has committed to beginning the parliamentary fund transfers on Friday. If this promise is kept, critical items on the political and economic agenda may be addressed as early as next week. In its final 2024 meeting, the Central Bank’s Monetary Policy Committee (Copom) raised the Selic rate by 1 percentage point, from 11.25% to 12.25% per year.

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