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Brazilian future rates plunge, hit oscillation limits as Bolsonaro leads Lula in first round
Valor Econômico·BR·1 day ago
Brazil's incoming president faces a public debt of 82.9% of GDP and a benchmark interest rate of 13.75%, constraining fiscal space and investment. The challenge is to sustain growth while managing high borrowing costs, with policy direction uncertain until the new administration's economic team is named.
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