The Ibovespa advanced nearly 1% on Thursday to trade above 186,000 as investors digest central bank comments on adjusting the interest rate calibration pace and extent. The day followed the central bank's decision Wednesday to cut the Selic rate by 0.25 percentage points to 14.50% per annum. The bank noted it must incorporate new information to define future monetary policy, highlighting the possibility of adjusting the rate's calibration cycle and emphasizing the divergence between current inflation and the target. Major banks rose, with Ita