LatinNews Daily - 23 April 2025

*Brazil’s central bank (BCB) has released the latest edition of its Focus bulletin, a weekly survey containing the forecasts of private sector economists and analysts, which projected inflation to close 2025 at 5.57%. For the previous three weeks, the Focus bulletin had shown an annual inflation forecast of 5.65%. The lower inflation forecast could bring some slight relief to the government of President Luiz Inácio Lula da Silva, the approval ratings of which has been weighed down in recent months by factors such as inflation. However, it is still expected that the annual inflation rate, which stood at 5.48% in March, could remain above the BCB’s target range of 3.0% +/-1.5 for the rest of this year. The latest Focus bulletin also saw a continuation of the upward trend for GDP growth projections, showing a forecast of 2.0% for 2025, up from the growth forecast of 1.98% the previous week.

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