Economics
Brazil Analysts Lift Inflation Bets Again as New Rate Hike Looms
- Central bank expected to raise the Selic to 12.75% on Wed.
- Analysts see inflation at 7.89% this year, 4.10% next
This article is for subscribers only.
Brazil analysts raised their inflation forecasts for this year and next for the fourth straight week as investors mull whether Wednesday’s expected interest rate hike will be the last in the central bank’s cycle.
Consumer price increases will hit 7.89% in December and 4.10% at the end of 2023, higher than the prior estimates of 7.65% and 4%, respectively, according to a central bank survey published on Monday. Analysts also raised their key rate forecast for the end of next year to to 9.25% from 9% before.