Central Banks
Brazil Analysts Lift 2025 Rate Forecasts Again as Prices Simmer
- Economists expect Selic rate to hit 12.25% at the end of 2025
- Central bank has warned about extended campaign of rate hikes
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Brazil analysts raised their 2025 year-end interest rate forecasts for the second straight week on fears that public spending and a strong economy will keep inflation above target.
The benchmark Selic will hit 12.25% in December, 2025, up from the prior estimate of 12%, according to a weekly central bank survey of economists published Monday. Analysts also lifted their forecasts for consumer price increases at the end of next year to 4.34%, marking the sixth straight rise.