The Central Bank of Brazil has revised down its inflation and economic growth forecasts in its latest Boletín Focus. The forecast for the National Consumer Price Index has been adjusted to 5.01%, while the projection for Gross Domestic Product has been lowered to 1.92%. The dollar forecast remains stable at 5.20 reais. Monetary policy, with a projected Selic rate of 13.75%, continues to influence the Brazilian economy.
Inflation and Economic Growth: Brazil Adjusts Its Forecasts
This article was updated at 13:45.