Free Trial

MNI BRIEF: BCB Focus Survey Sees Higher Selic Expectations

Central Bank of Brazil’s Focus Market Survey was released Monday.

MNI (BRASILIA) - Median forecasts for the Selic rate in the Central Bank of Brazil’s Focus Market Survey rose to 11.25% at the end of this year and to 10.25% for 2025, following a hawkish tone from Copom members in recent speeches and stronger- than-expected second quarter GDP growth of 1.4%.

Last week, forecasts were 10.50% for 2024 and 10.00% for 2025.

Keep reading...Show less
135 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (BRASILIA) - Median forecasts for the Selic rate in the Central Bank of Brazil’s Focus Market Survey rose to 11.25% at the end of this year and to 10.25% for 2025, following a hawkish tone from Copom members in recent speeches and stronger- than-expected second quarter GDP growth of 1.4%.

Last week, forecasts were 10.50% for 2024 and 10.00% for 2025.

Keep reading...Show less