September 23, 2024 11:28 GMT
BRAZIL: BCB Focus Survey – 2024 Selic Rate Forecast Raised To 11.50%
BRAZIL
- Brazil’s central bank has published the results of its weekly economists’ survey on its website.
- 2024 year-end inflation raised to 4.37%, from 4.35%
- 2025 year-end inflation raised to 3.97%, from 3.95%
- 2024 GDP raised to 3.00%, from 2.96%
- 2025 GDP unchanged at 1.90%
- 2024 year-end Selic rate forecast raised to 11.50%, from 11.25%
- 2025 year-end Selic rate forecast held at 10.50%
- 2024 year-end forecast for the USDBRL exchange rate unchanged at 5.40
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