Published May 11, 2026, 8:02 AM ET · Updated 6 months ago · 1 source
Brazil Economists Raise 2027 Selic Forecast as Inflation Simmers
bloomberg
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Original Report
INFERY
Brazilian economists have increased their year-end 2027 Selic interest rate forecast to 11.25%, up from 11%, citing persistent inflation pressures from strong domestic demand and an energy shock linked to the Iran war. Analysts anticipate inflation will remain above the 3% target through 2029. This adjustment occurs as central bankers navigate unwinding tight monetary policy amidst rising oil prices and government stimulus, potentially limiting further easing.