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Barclays Revise Inflation And Selic Rate Forecasts Higher

BRAZIL

Barclays adjust the following Brazilian forecasts, according to Bloomberg report:

  • Brazilian Central Bank is expected to raise the Selic by 100 basis-points, to 5.25%
  • Brazil Selic Rate Now Seen Rising to 7.5% by 1Q22
  • Lift Brazil's 2021 CPI estimate to 6.7% from 6.3%

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