May 20, 2024 11:28 GMT
BCB Focus Survey – 2024 SELIC Rate, Inflation Forecasts Raised Again
BRAZIL
- Brazil’s central bank has published the results of its weekly economists’ survey on its website.
- 2024 year-end inflation raised to 3.80%, from 3.76%
- 2025 year-end inflation raised to 3.74%, from 3.66%
- 2024 GDP reduced to 2.05%, from 2.09%
- 2025 GDP held at 2.00%
- 2024 year-end Selic rate forecast raised to 10.0%, from 9.75%
- 2025 year-end Selic rate forecast held at 9.00%
- 2024 year-end forecast for the USDBRL exchange rate raised to 5.04, from 5.00
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