Interest is the economy
The central bank’s monetary policy committee reflects the response of the government budget at 2025 and is on the rise of interfinement deposit contracts on Wednesday, at least another increase, and on the continuation of the curves, on the 2125 and 21st.
The budget approved by the Congress will provide a positive balance of R 15 billion public accounts this year, but the number has been suspicious of the market. First, because the Billion can reach 1 billion, but 5 15.5 billion, as it consumes all the surplus of expected, as it does not consider the actual cost of the step foot program underestimated in the budget. Then, this plan calculates less income and expenditure than economists and government technicians’ expectations.
The government is moving forward with a potential impact on public accounts with activities stimulating. Today, a project has come to light to start a new credit for small restructures, which has a temporary name of improvements, and the housing program’s new lane Minha Minha Minha Minha Middle -Class Families per month, up to 000 12,000 per month.
“This is one of the actions of adding many others. Economic costs should be very low, but it still suggests the government’s intention not to meet the financial goal,” said Beeto Sadia, director of investment at Nomos, the financial market has already calculated the initial deficit of $ 70 billion this year.
After the Copom decision, position adjustments also contributed to rates on Friday.
Daniel Teles, an expert in the Investigation Expert, pointed out that the re -design was a direct reflection of the signs given by the Central Bank. “The market has already understood that the Celician terminal is 15.00% to 15.50%, and it affects the curve’s smallest tip, 2027 and 2028 DIS,” he said.
In previous adjustment, the DI contract rate increased to 14.930% in the DI contract rate on January 2026. The January 2027 rate increased by 14.780%in 14.653%, and the January 2029 rate reached 14.535%in 14.411%.
