No menu items!

Brazil’s 2021 interest rate outlook rises to 3.75%, survey shows

RIO DE JANEIRO, BRAZIL - The outlook for Brazilian interest rates this year rose to its highest since last May, a central bank survey of economists showed on Wednesday, February 17th, with sticky inflation and a fragile fiscal outlook set to push the central bank into tightening policy.

The average forecast of the benchmark Selic rate at the end of this year rose to 3.75% from 3.50%, while the end-2022 forecast remained steady at 5.00%, according to the latest weekly ‘FOCUS’ survey of over 100 economists.

Four weeks ago, the average end-2021 outlook was 3.25 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content