Thursday is a national holiday, the Senate may vote on three proposals relating to the fuels issue, and the Copom will meet to decide on the interest rate

BRAZIL POLITICS - Report 13 Jun 2022 by Murillo de Aragão and Cristiano Noronha

Thursday's holiday may reduce the pace of activity in the National Congress, especially in the House. There are three proposals on the fuels issue in the Senate: one on essential services and the ICMS tax, another on the competitiveness of biofuels, and a third on federal reimbursements to lower ICMS rates. The Monetary Policy Committee (Copom) of the Central Bank is expected to increase the interest rate from 12.75% to 13.25%.

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