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Focus Survey Lowers 2024 year-end Selic rate forecast to 9.25%

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 decreased to 4.84% at 4.90%
  • 2024 year-end inflation decreased to 3.89% at 3.90%
  • 2025 year-end inflation held at 3.50%
  • 2023 GDP held at 2.24%
  • 2023 year-end Selic rate forecast held at 12.00%
  • 2024 year-end Selic rate forecast lowered to 9.25% from 9.5%

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