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2024 Year-End Inflation Expectations Cut To 3.98%

BRAZIL
  • Brazil’s central bank has published the results of its weekly economists’ survey on its website: https://www.bcb.gov.br/en/publications/focusmarketreadout
  • Within the survey, there was a moderate decrease for both 2023 and 2024 year-end inflation forecasts.
    • 2023 year-end inflation lowered to 5.06% from 5.12%
    • 2024 year-end inflation lowered to 3.98% from 4.00%
    • 2025 year-end inflation held at 3.80%.
    • 2023 GDP was increased to 2.18% from 2.14%
    • 2023 year-end Selic rate forecast held at 12.25%
    • 2024 year-end Selic rate forecast held at 9.5%

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