Bradesco Raises Projection for Selic From 12.75% to 13.75% at the End of This Year

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Faced with strong stimuli that are opposed to monetary policy, Bradesco began to project a stronger growth of the Brazilian economy this year, at the same time as it also revised the inflation projections upwards and saw a more restrictive trajectory for the interest rate compared to the previous scenario. In the review of the scenario released on Monday, Bradesco raised its projection for Selic from 12.75% to 13.75% at the end of this year and,…