Real interest rates adjusted for inflation are expected to be 7.4% over the next 12 months.
The forecast comes from Austin Rating's chief economist, Alex Agostini.
Austin Rating is a São Paulo-based rating agency specializing in Brazil.
From February 2021 to September 2022, the rate has increased by 13.7 percentage points.
The percentage is high because inflation is falling and the central bank has signaled that it will keep the benchmark interest rate, the Selic, at 13.75% per year for an extended period.
The survey was based on the "ex-ante" projection, i.e . . .