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Weekly Focus Survey Sees USD/BRL Lower Next Year

BRAZIL
BCB Focus survey results:
  • Economists see annual IPCA inflation index at 6.03% this year (Prev. 6.02%), 4.15% in 2024 (Prev. 4.16%)
  • See SELIC at 12.50% (unchanged from previous), at 10.00% next year (unchanged from previous)
  • Sees 2023 GDP at +1.02% (Prev. +1.00%), 2024 GDP at +1.38% (Prev. +1.40%)
  • Sees USD/BRL at 5.20 by year-end 2023 (unchanged from previous), 5.20 by year-end 2024 (Prev. 5.25)

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