Central Banks
Brazil Analysts Raise 2026 Key Rate and Inflation Estimates
- Annual inflation hit 4.83% in December, above tolerance range
- Central bank pledged two more full percentage point rate hikes
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Brazil economists raised their forecasts for the benchmark interest rate and inflation at the end of next year as factors including a weak currency make consumer price pressures hard to tame.
The benchmark Selic rate will hit hit 12.25% in December of 2026, up from the prior forecast of 12%, according to a weekly central bank survey of economists published Monday. Most analysts see borrowing costs ending this year at 15%.