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BCB Focus Survey Revises 2023 Year-End GDP Higher To 2.92%, CPI Held

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 held at 4.86%.
    • 2024 year-end inflation held at 3.86%.
    • 2025 year-end inflation held at 3.50%
    • 2023 GDP increased to 2.92% from 2.89%
    • 2024 GDP increased 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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