The Ibovespa fell 1.5% to the 177,000 mark on Thursday as the Middle East conflict and its inflation fallout drove the Brazilian central bank to abandon its guidance of rate cuts this year. The BCB delivered a 25bps, half of the earlier consensus of 50bps, and warned that war-driven energy and commodity price surges are pushing inflation projections away from the 3% target, prompting an uncertain rate outlook. Major banks posted losses, Ita