Pre-Trading Thoughts

Annual urban inflation cooled down, recording 35.8% YoY in October, down from 38% in September. Favorable base effect and the deceleration of most items on a monthly basis allowed for the inflation decline. Euroclear requires that all bills and bonds issued by the Finance Ministry be exempt from tax, a condition that has been “categorically rejected” by the government. The government aims to offer a number of projects with a total value of USD5 billion until June 2024 as part of the gov...