- Brazil economists lowered their year-end Selic forecast to 13.25% from 13.50%, per a weekly central bank survey published on Tuesday.
- The forecast cut follows right-wing candidate Flávio Bolsonaro leading presidential runoff polls, which boosts investor hopes of tighter fiscal policy.
Quotes
“The benchmark Selic will fall to 13.25% by December, down from the previous estimate of 13.50%”