- The Central Bank of Brazil's weekly analyst survey now puts the year-end 2026 Selic at 13.5%, down from the prior 13.75% forecast, following a rate cut.
- Analysts held 2027 and 2028 forecasts unchanged at 12% and 10.50%, respectively, implying a gradual multi-year easing path rather than a rapid normalization.
- The forecast revision lands as Latin America's largest economy gradually cools ahead of next month's presidential election.
Quotes
“The Selic will fall to 13.5%, down from 13.75% previously, according to a weekly survey of analysts published by the central bank on Monday.”
“The economists held their 2027 and 2028 forecasts at 12% and 10.50%, respectively.”