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2025-12-15 19:27:48
[Brazil's Inflation Expectations Slightly Decrease, Interest Rate and Exchange Rate Outlook Remains Stable] ⑴ According to the latest survey by the Central Bank of Brazil, economists' forecasts for the country's average annual inflation rate under the IPCA (Indexed Consumer Price Index) in 2025 have slightly decreased to 4.36%, down from the previous estimate of 4.40%. ⑵ The inflation rate forecast for 2026 has also been slightly lowered to 4.10%, down from the previous estimate of 4.16%. ⑶ Correspondingly, economists expect the country's benchmark interest rate, the Selic, to be at 12.13% by the end of 2026, slightly lower than the previous estimate of 12.25%. ⑷ Economic growth expectations remain unchanged, with GDP projected to grow by 2.25% and 1.80% in 2025 and 2026, respectively. ⑸ Exchange rate expectations also remain stable, with the USD/BRL exchange rate projected at 5.40 by the end of 2025 and 5.50 by the end of 2026.
