Brazil long-term DI rates rise on surveys; short-term stable after weak IPCA-15

Brazil's October IPCA-15 inflation came in at 0.32%, below expectations, keeping short-term interest rates stable. However, long-term DI rates rose, likely driven by survey expectations or fiscal concerns, indicating market pricing of future rate hikes. The divergence suggests near-term inflation relief is offset by longer-term risks.

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