*The monetary policy committee (Copom) of Brazil’s central bank (BCB) has held the country’s benchmark interest rate (Selic) at 15.0%. Until yesterday the Copom had increased the Selic rate in every meeting since September 2024. In the Copom statement released yesterday, the committee said it expects a “continuation of the interruption” of the rate hike cycle and suggested that the Selic could remain at this level for a prolonged period. The latest Copom forecasts predict annual inflation of 4.9% for 2025 and 3.6% for 2026. The latest edition of the Focus bulletin, a weekly survey of private sector economists and analysts consulted by the BCB, shows higher forecasts. Market experts project annual inflation to close this year at 5.09% and to reach 4.44% by the end of 2026.
End of preview - This article contains approximately 133 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
