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2023 & 2024 Inflation Expectations Nudged Higher In Focus Survey

BRAZIL
  • Brazil’s central bank have published the results of its weekly economists’ survey on website: https://www.bcb.gov.br/en/publications/focusmarketreadout
  • Within the survey, despite a marginal increase for both 2023 & 2024 year-end inflation projections, longer-term expectations for year-end 2025 have been held steady:
    • 2023 year-end inflation raised to 6.01% from 5.98%
    • 2024 year-end inflation held at 4.18% from 4.14%
    • 2025 year-end inflation held at 4.00% from 4.00%
    • Interestingly, the 2023 year-end Selic rate forecast has been cut to 12.50% from 12.75%

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