The Transition PEC should be put to a vote in the Senate this week, the PL may launch Rogério Marinho’s candidacy for the presidency of the Senate, and the Copom will meet to decide on the Selic

BRAZIL POLITICS - Report 05 Dec 2022 by Murillo de Aragão and Cristiano Noronha

The report on the Transition PEC may be presented to the Committee tomorrow, December 6. Senate President Rodrigo Pacheco scheduled the vote in the Plenary for Wednesday, December 7. According to the leader of the PL, Senator Carlos Portinho (RJ), the most likely candidate for the presidency of the Senate at this time is ex-minister and senator-elect Rogério Marinho (PL-RN). The PL will become the largest party in the Senate next year with 14 senators. The Monetary Policy Committee (Copom) of the Central Bank meets to decide the basic interest rate (Selic), currently at 13.75% per year. The rate is expected to remain unchanged.

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