Market now expects further Selic hikes in 2021

After being surprised with a 75 basis points increase in the the Selic, Brazil's benchmark interest rate, by the Monetary Policy Committee (Copom) of the Central Bank, the market is starting to calibrate expectations and is moving toward higher levels than previously estimated for the policy interest rate at the end of this year. In a survey conducted by Valor between Thursday and Friday with 72 lenders and consulting firms, the...

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