Ex-BC Chief Loyola Sees Double-Digit Brazil Rates to 2028 on Fiscal Risk

Gustavo Loyola, former president of Brazil's central bank, projects Selic will remain in double digits through 2028, citing fiscal imbalances that could create a vicious cycle of rising debt, higher risk premium, and elevated rates. The warning underscores market concerns about Brazil's fiscal trajectory and its impact on monetary policy.

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