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Further Analyst Adjustments To Terminal Selic Rate Forecasts

BRAZIL
  • Analysts continue to adjust terminal Selic rates, with market now pricing 12.60% as the terminal rate of the BCB tightening cycle:
    • Itau Sees Brazil Selic Terminal Rate at 12.50%
    • Brazil terminal rate est. raised to 12.25% vs 11.75%: Barclays
    • Brazil Terminal Rate Est. Raised to 12.25% From 11.25% at BofA

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