Brazil prepares for more rate hikes

Brazil prepares for more rate hikes

Corporate & Sovereign Strategy Economy & Policy Brazil Capital Markets Asset Management Fixed Income Debt

Brazilian bankers and businesses are bracing for another steep increase in borrowing costs on Wednesday, when the central bank is expected to boost its benchmark Selic rate in an effort to contain double-digit inflation, sources told LatinFinance. "We expect a 150-basis point increase to 9.25% as inflation is still very high," said Mirella Hirakawa, an economist at local asset management firm AZ Quest. The government will release the November's inflation figures on Friday, Hirakawa said, and the

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