The market raised the forecast for inflation and the Selic rate for 2023 and reduced the forecast for GDP (Gross Domestic Product), as shown in the Focus Bulletin, released this Monday (16) by the Central Bank
For the IPCA, which measures official inflation in the country, the expectation was for 5.39%, compared to 5.36% in the previous week. The number was maintained at 3.70% for 2024.
The Selic, basic interest rate, had a forecast adjusted to 12.50%, compared to 12.25% in the previous week. For 2024, the number was maintained at 9.25%.
Financial market agents forecast that the Brazilian GDP will grow by 0.77% in 2023, compared to a forecast of 0.78% in the previous week. This is the second consecutive week of reduction in the country’s growth projection.
See the main predictions:
- IPCA rise of 5.39% in 2023, compared to 5.36% in the previous week
- IPCA rise of 3.70% in 2024, compared to 3.70% in the previous week
- Selic at 12.50% at the end of 2023, compared to 12.25% in the previous week
- Selic at 9.25% at the end of 2024, compared to 9.25% in the previous week
- GDP in 2023 of 0.77%, compared to 0.78% in the previous week
- GDP in 2024 of 1.50%, compared to 1.50% in the previous week
- Exchange rate of BRL 5.28 at the end of 2023, against BRL 5.28 in the previous week
- Exchange rate of BRL 5.30 at the end of 2024, against BRL 5.30 in the previous week
- IPCA at 5.36% over the next 12 months, compared to 5.36% a week before
Source: CNN Brasil
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
