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Brazil’s 2023 Inflation Forecast Drops Slightly

Brazil's Central Bank (BC) released the Focus Bulletin on Monday, revealing a slight adjustment in the 2023 inflation forecast.

Economists have reduced the estimate from 4.59% to 4.55%, keeping it within the National Monetary Council's (CMN) target range of 3.25% to 4.75%.

The report also shows a slight decrease in GDP growth projections for 2023, now at 2.85%, down from the previous 2.89%.

Expectations for the next two years remain stable, with growth projected at 1.50% in 2024 and 1.93% in 2025.

The Selic rate, Brazil's key interest rate . . .

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