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Brazil: BCB unlikely to change its policy stance – TDS

Analysts at TD Securities are expecting that in Brazil, Selic Rate is likely to remain unchanged at 6.5% and there will be no change in the BCB’s policy stance.

Key Quotes

“Increased worry regarding the pension reform’s depth may lead COPOM to place greater focus on these risks, which would favour a small amount of bear-flattening in the curve.”

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