Bloomberg
A Week After Brazil’s Bold Rate Hike, Traders Ask for More
(Bloomberg) — It took just over a week for Brazil’s traders to look past the central bank’s guidance and ask for even more rate hikes.Despite the larger-than-expected increase at the last meeting, the market is now pricing in a full-point hike for May, ignoring an already hawkish pledge from the bank to raise rates by another 75 basis points. The worsening of the pandemic, investors say, may lead the government to…
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