• Brazil’s central bank has published the results of its weekly economists’ survey on its website: https://www.bcb.gov.br/en/publications/focusmarketreadout
    • 2023 year-end inflation lowered to 4.55% from 4.59%
    • 2024 year-end inflation lowered to 3.91% from 3.92%
    • 2025 year-end inflation held at 3.50%
    • 2023 GDP lowered to 2.85 from 2.89%
    • 2024 GDP held at 1.50%
    • 2023 year-end Selic rate forecast held at 11.75%
    • 2024 year-end Selic rate forecast held at 9.25%

BRAZIL: BCB Focus Survey – Further Modest Adjustments Made To Inflation Forecasts

Last updated at:Nov-20 12:45By: Jack Lewis
  • Brazil’s central bank has published the results of its weekly economists’ survey on its website: https://www.bcb.gov.br/en/publications/focusmarketreadout
    • 2023 year-end inflation lowered to 4.55% from 4.59%
    • 2024 year-end inflation lowered to 3.91% from 3.92%
    • 2025 year-end inflation held at 3.50%
    • 2023 GDP lowered to 2.85 from 2.89%
    • 2024 GDP held at 1.50%
    • 2023 year-end Selic rate forecast held at 11.75%
    • 2024 year-end Selic rate forecast held at 9.25%