Forex News

BRAZIL: The forecast for the interest rate for 2018 is stable at the level of 6.50% y / y

Economists surveyed by the Brazilian central bank maintained their estimates of the Selic base interest rate at the end of 2018, unchanged at 6.50 percent for the seventh consecutive week.

In 2019, end-of-year estimates remained at level 8 , 00 percent at the 26th week. The forecasts for the Selic rate in 2020 in 2021 remain at 8 percent y / y for 52 and 54 weeks, respectively.

Last month, the Monetary Policy Committee of the central bank of Brazil retained the benchmark interest rate of the country unchanged at level of 6.50 percent.