Central Banks
Brazil Analysts See 75 Basis Points in Interest Rate Hikes by December
- Central bank says it’s data-dependent ahead of rate meeting
- Analysts see benchmark Selic rising to 11.25% in December
Analysts see consumer price increases at 4.3% by this December and 3.92% at the end of next year.
Photographer: Gustavo Minas/BloombergThis article is for subscribers only.
Brazil economists raised their interest rate forecasts and now see borrowing costs rising through January, adding to trader bets of a hiking cycle starting as soon as next week.
The benchmark Selic will hit 11.25% by December, up from the prior estimate of 10.5%, according to a weekly central bank survey published Monday. Analysts also lifted their end-2025 borrowing cost estimates to 10.25% from 10%.