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BCB Focus Survey Sees 2023 SELIC Forecast Upped to 10.50%

BRAZIL

Download link for the FOCUS survey here: https://www.bcb.gov.br/en/publications/focusmarket...

Highlights:

  • 2022 Y/E inflation forecast drops to 7.96% (Prev. 8.27%)
  • 2023 Y/E forecast raised to 5.01% (Prev. 4.91%)
  • Growth, FX rate forecasts for 2022, 2023, broadly unchanged
  • 2022 Y/E SELIC forecast unch. At 13.75%, 2023 upped to 10.50% (Prev. 10.25%)

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