BofA sees Selic at 4% by the end of 2021
Bank of America forecasts benchmark interest rate Selic at 4% by the end of 2021, after four half-percentage point increases. The bank believes the first will happen in March, says David Beker, head of economics and strategy. "It is not that the Central Bank is going to take the full stimulus out of the economy now. It will remove part of the excess stimulus, which was explained...
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