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2023 Year-End Inflation Expectations Tick Higher In Latest 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 2023 year-end inflation projections, medium and longer-term expectations have been held steady:
    • 2023 year-end inflation raised to 6.04% from 6.01%
    • 2024 year-end inflation held at 4.18%
    • 2025 year-end inflation held at 4.00%
    • The 2023 year-end Selic rate forecast was held at 12.50% after being cut from 12.75% last week.

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