Brazil Market Bets on Higher-for-Longer Rates as Selic Call Hits 13.5%

MARKETS · MONETARY POLICY Key Facts —The June 8 Focus survey lifted the median 2026 Selic forecast from 13.25% to 13.50%, the first increase after a stretch of stability. —The 2027 Selic forecast also rose, from 11.25% to 11.50%, while…