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BRAZIL: BCB Focus Survey – 2025 Selic Rate Forecast Raised By 25bp to 12.25%

BRAZIL
BulletEM BulletEmerging Market News
  • Brazil’s central bank has published the results of its weekly economists’ survey on its website.
    • 2024 year-end inflation reduced to 4.63%, from 4.64%
    • 2025 year-end inflation raised to 4.34%, from 4.12%
    • 2026 year-end inflation raised to 3.78%, from 3.70%
    • 2024 GDP raised to 3.17%, from 3.10%
    • 2025 GDP raised to 1.95%, from 1.94%
    • 2024 year-end Selic rate forecast held at 11.75%
    • 2025 year-end Selic rate forecast raised to 12.25%, from 12.00%
    • 2024 year-end forecast for the USDBRL exchange rate increased to 5.70, from 5.60
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  • Brazil’s central bank has published the results of its weekly economists’ survey on its website.
    • 2024 year-end inflation reduced to 4.63%, from 4.64%
    • 2025 year-end inflation raised to 4.34%, from 4.12%
    • 2026 year-end inflation raised to 3.78%, from 3.70%
    • 2024 GDP raised to 3.17%, from 3.10%
    • 2025 GDP raised to 1.95%, from 1.94%
    • 2024 year-end Selic rate forecast held at 11.75%
    • 2025 year-end Selic rate forecast raised to 12.25%, from 12.00%
    • 2024 year-end forecast for the USDBRL exchange rate increased to 5.70, from 5.60