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Brazil’s High-Rate Standoff Meets a Softer Fed: UBS Sees Six Pivotal Months

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Brazil heads into October with an unusual split: its central bank is holding the Selic at 15.00%, one of the highest real interest rates among major economies, just as the U.S. Federal Reserve has begun cutting. That divergence—tight at home, easing abroad—will shape Brazil’s currency, bonds, and stocks as the 2026 election season slowly comes […]














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