RIO DE JANEIRO, BRAZIL - (Reuters) The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.
The average forecast of the benchmark Selic rate at the end of this year rose to 3.25% from 3.00%, and the end-2022 forecast rose to 4.75% from 4.50%, according to the latest weekly ‘FOCUS’ survey of around 100 economists.
The 2021 outlook is the highest since last June, and the 2022 forecast is the . . .