Brazil Economists See Higher Selic and Inflation After Rate Cut

Brazil economists lifted their inflation and benchmark interest rate forecasts for the end of this year just days after central bankers began their monetary easing cycle with a modest cut.

The benchmark Selic will reach 12.5% in December, up from the prior estimate of 12.25%, according to a weekly central bank survey of economists published on Monday. The 2026 year-end inflation forecast edged up to 4.17% from 4.1%.