November 20, 2023 12:45 GMT
BCB Focus Survey – Further Modest Adjustments Made To Inflation Forecasts
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
- 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%
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