Brazil Slips Into Recession as Post-Pandemic Recovery Cut Short - Capital Economics

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Brazil Slips Into Recession as Post-Pandemic Recovery Cut Short

02 December, 2021Bloomberg

Traders are betting on an interest rate hike of at least 150 basis points at next week’s policy meeting, which would take the Selic to 9.25%. The GDP data may lead the central bank to temper the hawkish stance it has held in recent months, according to William Jackson, an economist at Capital Economics.

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