Ibovespa Halts Two-Day Slump as Bets for Higher Rates Evaporate

  • Policy makers capitulate on inflation while Selic kept steady
  • Lojas Renner climbs with consumer stocks as Itau jumps

Brazil’s stocks rose for the first time in three days after the central bank signaled it won’t raise interest rates any time soon, bolstering prospects for companies that get most of their revenue from Latin America’s largest economy.

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