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Brazil’s interest rate futures open in strong decline to lows not seen since February 2022

The relief in inflation reinforces expectations that a cut in the basic interest rate (Selic), currently at 13.75% per year, may be closer

Interest rate futures operate in a firm drop along the whole term structure of the curve at the beginning of business this Thursday, pressured by the reading of the IPCA-15 of May much below the expectations of financial agents.

The relief in services inflation accentuates . . .

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