This Monday (3), the Brazilian Central Bank released the financial market’s new growth estimate for the country’s GDP, 2.19% for 2023. Last week’s projection was at 2.18%.
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The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
Central Bank’ Focus Readout reported.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
Monetary Policy Committee cut down Selic by 0.5 percentage point, to 6% per annum. Reduction is higher than forecasted by the market.
Financial institutions expects the Selic to be reduced by 0.25 percentual point in the Copom meeting this week.
