Ibovespa Slips as Investors Weigh Selic Rate Forecasts

2025-12-22 13:31 By Isabela Couto 1 min. read

The Ibovespa fell 0.2% to close at 158,142 on Monday amid the outlook of lower rate cuts by the Brazilian central bank.

The central bank's Focus Bulletin indicated that investors raised their forecasts for the Selic to end next year at 12.25% instead of 12.13% previously.

Banks fell as higher rate futures pressed on the outlook of credit demand, with Itaú and Banco do Brasil edging down and Bradesco falling 1.3%.

Axia plunged 22.4% after approving a broad reorganization of its shareholding structure and a R$1 billion capitalization of retained earnings.

Other laggards included Ambev (-1.4%), WEG (-4.1%), and Rede D’Or (-2.4%).

On the upside, Vale rose 3.33% on higher iron ore prices amid tight supply from BHP.

Petrobras gained 0.4% as oil prices advanced after US officials reported intercepting an oil tanker off Venezuela, raising concerns over supply disruptions.



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