Brazil analysts lowered their 2026 year-end rate of interest forecasts after the central financial institution reaffirmed it could maintain its financial coverage tight for the foreseeable future to tamp down inflation.
The benchmark Selic will fall to 12.25% on the finish of subsequent 12 months, down from the prior estimate of 12.38% and 12.5% two weeks in the past, in accordance with a weekly economist survey revealed by the central financial institution on Monday.
