This, from a piece published today by research provider Variant Perception, should sound familiar to regular readers/video watchers:
"...we still expect Brazil CPI to peak imminently and trend down, allowing the BCB to end its hiking cycle in 2Q22. The current Selic rate is at 11.75%, with money markets pricing rates to peak at 13% by Dec 22. A combination of slowing inflation and poor growth LEIs should encourage an easing cycle, which is bullish for Brazilian bonds."
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