logo
Plus   Neg
Share
Email

BRAZIL: Interest Rate Forecast For 2018 Unchanged At 6.25% Per Year

(Agencia CMA Latam) - Economists polled by the Brazilian central bank kept their estimates for the country's benchmark interest rate (Selic) at the end of 2018 unchanged for the sixth consecutive week, at 6.25%. The forecast for the average rate in 2018 also remained stable at 6.34%.

For 2019, estimates about the year-end Selic remained at 8.00% for the seventeenth week, while the forecast for the average interest rate next year fell to 7.07%, from 7.15% a week before.

In March, the Brazilian central bank's Monetary Policy Committee (Copom) cut the country's benchmark interest rate to 6.50% - a record low - from 6.75%, in line with market expectations. The Brazilian Central Bank also said that weak inflation might warrant a new decrease in its next meeting, which starts Tuesday and ends Wednesday.

by Agencia CMA Latam

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT