BRIEF-Brazil Economists See Year-End 2026 Interest Rate At 12.00%

BY Reuters | ECONOMIC | 11/24/25 06:29 AM EST

Nov 24 (Reuters) - Brazil central bank poll:

* BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.45% IN 2025 VERSUS 4.46% IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.18% IN 2026 VERSUS 4.20% IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE YEAR-END 2025 INTEREST RATE SELIC AT 15.00% VERSUS 15.00% IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE YEAR-END 2026 INTEREST RATE SELIC AT 12.00% VERSUS 12.25% IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE 2025 GDP GROWING 2.16% VERSUS 2.16% IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE 2026 GDP GROWING 1.78% VERSUS 1.78% IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE BRAZILIAN REAL AT 5.40 PER DOLLAR BY YEAR-END 2025 VERSUS 5.40 IN PREVIOUS ESTIMATE - CENBANK POLL

* BRAZIL ECONOMISTS SEE BRAZILIAN REAL AT 5.50 PER DOLLAR BY YEAR-END 2026 VERSUS 5.50 IN PREVIOUS ESTIMATE - CENBANK POLL Source text: Further company coverage: [ ] (Reporting by Camila Moreira)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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