RIO DE JANEIRO, BRAZIL - The market significantly reduced the likelihood of the Central Bank tightening the pace of a SELIC hike in the next Monetary Policy Committee (COPOM) meeting next week. Meanwhile, the dollar fell as investors assessed the below-expected U.S. consumer inflation data.
At 10:25 AM, the Interbank Deposit (DI) rate for January 2022 fell from 7.325% in the last adjustment to 7.03% and the DI for January 2023 sank from 9.16% to 8.95%. In the longer maturity segments, the rate of January 2025 contract fell from 10.18% to 10.05 . . .