Brazil Central Bank Poll: 2026-end SELIC rate seen at 12.13% (prev. 12.00%)
Context
The Brazil Central Bank poll indicating a rise in the 2026-end SELIC rate to 12.13% from 12.00% suggests a slightly more hawkish outlook than previously expected. This could reflect concerns over inflation persistence or a reassessment of economic conditions, impacting rate path projections and influencing Brazilian sovereign debt dynamics. Watch for responses in the fixed income market as expectations adjust.
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