Brasília – Financial institutions polled by the Brazilian Central Bank (BC) expect the SELIC, the benchmark interest rates, to remain at 6.5% per year this week. The BC’s Monetary Policy Committee (COPOM) will gather this Tuesday and Wednesday (31), in Brasília, to define the SELIC.
The estimate by the banks regarding the COPOM’s decision on the SELIC is in the Focus Bulletin, published weekly by the BC with forecasts on the main economic indicators. The financial market doesn’t expect the SELIC to change until the end of the year. For 2019, the rate should go up and end the year at 8% per year. For 2020 and 2021, it expects the rate to remain at 8% per year.
The forecast by the financial institutions for the Extended National Consumer Price Index (IPCA) is 4.43% per year. Last week’s forecast was 4.44%. For 2019, the estimate remains at 4.22%. For 2020 and 2021, the estimates are 4% and 3.95%, respectively.
The forecast for the Gross Domestic Product (GDP) went from 1.34% to 1.36%. For 2019, the estimate was revised up from 2.49% to 2.50%. For 2020 and 2021, it remains at 2.50%.
The forecast by the financial market regarding the price of the dollar went down from BRL 3.75 to BRL 3.71 at the end of this year and remains at BRL 3.80 at the end of 2019.
Translated by Sérgio Kakitani
