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Brazil analysts lowered their 2024 benchmark interest rate projections after the central bank reaffirmed plans to maintain its pace of monetary easing for the coming months.
The Selic will fall to 9% by December 2024, down from the prior estimate of 9.25%, according to a weekly central bank economist survey published Tuesday. Borrowing costs will fall to 8.5% by the end of 2025, the release showed.
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