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BTG forecasts 30% drop in Ibovespa in dollars and real interest rate at 8%

BTG Pactual expects a selloff of Brazilian assets in the coming weeks. The bank projects a 17% drop in the Ibovespa to around 170,000 points - the level it was at at the end of August and below the…

  • BTG Pactual predicts 17% drop in Ibovespa to 170,000 points
  • Brazilian real could depreciate 10%-15% against dollar
  • Long-term interest rates may exceed 8% if fiscal policy fails

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