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2025-07-28 19:31:43
[Inflation expectations slightly reduced, Brazilian economists: GDP growth rate in 2025 may remain at 2.23%] ⑴ The latest survey of the Central Bank of Brazil shows that economists have slightly adjusted their forecasts for Brazil's economic outlook. ⑵ The annual IPCA inflation index forecast for 2025 has slightly decreased from 5.10% to 5.09%, while the inflation forecast for 2026 has also decreased from 4.45% to 4.44%. ⑶ In addition, the Selic interest rate forecast for the end of 2025 remains unchanged at 15.00%, and the interest rate forecast for the end of 2026 also remains unchanged at 12.50%. ⑷ In terms of economic growth, the GDP growth forecast for 2025 remains unchanged at 2.23%, while the growth forecast for 2026 has slightly increased from 1.88% to 1.89%. ⑸ In terms of exchange rate, economists' forecast for the Brazilian real exchange rate at the end of 2025 has decreased from 5.65 to 5.60, while the forecast for the end of 2026 remains unchanged at 5.70. ⑹ Overall, Brazilian economists' expectations for inflation and interest rates remain stable, while their views on economic growth and the real exchange rate are slightly optimistic.
