Brazil economists see year-end 2026 interest rate Selic at 12.25% (prev. 12.13%) and year-end 2027 at 10.50% (prev. 10.50%)

Brazil economists see year-end 2026 interest rate Selic at 12.25% (prev. 12.13%) and year-end 2027 at 10.50% (prev. 10.50%)

Brazilian economists adjusting their year-end 2026 Selic forecast to 12.25% from 12.13% indicates a slight uptick in expected interest rates, suggesting that inflationary pressures may persist longer than previously thought. Meanwhile, the unchanged 2027 forecast at 10.50% implies a continuation of tighter monetary policy ahead, which could influence both domestic consumption and foreign investment flows into Brazil.