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BCB Focus Survey Lower 2023 Year-End Inflation Expectations

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 4.75% from 4.86%
    • 2024 year-end inflation held at 3.88%
    • 2025 year-end inflation held at 3.50%
    • 2023 GDP held at 2.92%
    • 2024 GDP held at 1.5%
    • 2023 year-end Selic rate forecast held at 11.75%
    • 2024 year-end Selic rate forecast held at 9.00%

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