Reported about 2 months ago
Brazilian analysts have revised their estimates for the benchmark interest rate higher due to stronger-than-expected economic performance, with predictions now set at 10% by December 2025, up from 9.75%. Inflation projections remain elevated, prompting central bank leaders to adopt a more hawkish stance. The strong economic activity, along with rising inflation rates, has led some analysts to raise their end-of-2024 key rate estimates to 11.75%. The central bank emphasizes its commitment to control inflation, despite uncertainties surrounding the government's fiscal plans.
Source: YAHOO