Today’s Agenda: IBC-Br, Focus and Fed Directors’ Speeches Highlighted | finance

See highlights from Monday’s agenda:

BC issues this week’s Focus Bulletin – At 8:25 am, the Central Bank issues the concentration bulletin for the week ending November 14. The average forecast by market economists for Brazilian official inflation in 2025 remained at 4.55%. For 2026, the median forecast for the national broad Consumer Price Index (IPCA) remained at 4.20%, for 2027, it remained at 3.80%, and for 2028, it remained at 3.50%. For the base interest rate (Celic), the median estimate remained at 15% at the end of 2025, for the twentieth week in a row; At 12.25% at the end of 2026 for the seventh week in a row, it continues at 10.50% in 2027 for the thirty-ninth week, and remains at 10% for the forty-sixth week.

British Columbia releases its September economic activity index – The Central Bank announces at nine in the morning the Index of Economic Activity (IBC-Br) for September. Activity in the country should remain stable in September, compared to August, in the seasonally adjusted series. This is the average of the 17 forecasts collected before Value date With the financial and consulting institutions of IBC-Br. In August, the index rose by 0.4%, marginally below expectations (0.7%). Estimates for September range from -0.5% to +0.3%. Compared to September 2024, the average economists suggest growth of 2%, with a range of forecasts between +0.7% and +3.7%. Through August, IBC-Br was up 2.6% over the year and 3.2% over 12 months.

Secex presents the trade balance for the second week of November – The Secretariat of Foreign Trade (Secex) at the Ministry of Development, Industry, Trade and Services will present at three o’clock in the afternoon the result of the trade balance for the second week of November. In the first week of November 2025, the trade balance recorded a surplus of $1.811 billion and a trade flow of $13.8 billion, as a result of exports worth $7.8 billion and imports worth $5.9 billion.

The Federal Reserve Bank of New York releases its Empire State Index for November – The New York Federal Reserve announces, at 10:30 AM (Brasilia time), the Empire State Index of Manufacturing Activity for the New York region for November. In October, the index was 10.7 and the forecast was 7.

The United States announces construction spending for August – After the release of official indicators, the US Department of Commerce announces, at 11 am (Brasilia time), construction spending for August. In July, there was a 0.1% decrease compared to the previous month. Expectations now indicate a decline of 0.2%.

The head of the Federal Reserve Bank of New York speaks at the event – New York Fed President John Williams, 11 a.m. (Brasilia time), speaking at an event.

Federal Reserve Vice Chairman speaks at the event – Federal Reserve Vice Chairman Philip Jefferson speaks at an event at 11:30 a.m. (Brasilia time).

The head of the Federal Reserve Bank of Minneapolis speaks at the event – Minneapolis Fed President Neel Kashkari speaks at the 3pm event (Brasilia time).

Federal Reserve Director speaking at the event – Federal Reserve Board Member Christopher Waller speaks at the 5:30pm event (Brasilia time).

The head of the Federal Reserve Bank of Dallas speaks at the event – Dallas Fed President Lori Logan will speak at an event at 9:55pm (Brasilia time).

Lula sends a new national cultural plan – President Luiz Inacio Lula da Silva participates at 10 am in the ceremony of sending the new National Cultural Plan to the National Congress, at Palacio do Planalto.

CPMI hears from former INSS coordinator and businessman investigated for embezzlement – INSS CPMI hears from two people being investigated for embezzlement of social security pensions: former coordinator of payments and benefits at the National Social Security Institute Josimar Fonseca da Silva and businessman Thiago Schettini. The meeting is scheduled for 2:30 p.m.

Galipolo gives a lecture at an event in São Paulo Central Bank President Gabriel Galipolo delivers a lecture at the International Forum for Racial Equality in Business, at 9 a.m., in São Paulo.

BC Director participates in meetings of the Bank for International Settlements in Switzerland – In Basel (Switzerland), the Director of Economic Policy, Diogo Guillén, participates in meetings promoted by the Bank for International Settlements (BIS). Also abroad, Director of Citizenship and Probation, Isabella Correa, spoke at the MENA Leaders Summit in Abu Dhabi (UAE). In São Paulo, Monetary Policy Director Nilton David will hold a meeting with representatives of the Brazilian Association of Financial and Capital Market Entities (ANBIMA), at 10 a.m. Earlier, at 9 a.m., the manager held a meeting with the CEO of Reach Capital Investimentos, Ricardo de Campos; Director of Fixed Income, Norberto Sozijan Fonseca Alves, and Chief Economist, Igor Birnboim. Also at 11:15 a.m., David held a meeting with Mackenzie Investments’ Global Portfolio Manager, Hadiza Djatau Mamane, and Medley Advisor, Mario Lima. Director of Regulation, Gilneo Vivan, is holding a meeting with representatives of the Ministry of Entrepreneurship, Micro Enterprises and Micro Enterprises (MEMP) at 5:30 p.m. Other managers are expected to have internal orders.

Mercadante meets with the directors of Sírio Libanês – The President of BNDES, Aloisio Mercadante, will hold a meeting at 9 a.m. with the directors of the Syrian-Lebanese Hospital: Denis Javit, President; Roberto Khalil Filho, General Director of the Cardiology Center, and Tania Maria de Jesus, Senior Marketing Analyst.