Brazil Economists See Key Rate at All-Time Low Throughout 2019

(Bloomberg) -- Brazil will hold its benchmark interest rate at a record-low throughout the year before increasing it by 1.5 percentage points in 2020, according to economists surveyed by the central bank.

Brazil Economists See Key Rate at All-Time Low Throughout 2019

Economists cut their forecast for the Selic rate at end-2019 by a half percentage point to 6.5 percent, according to a weekly central bank survey published on Monday. That’s down from 8 percent less than three months ago. They also reduced their end-2018 inflation forecast by 6 basis points to 3.94 percent, below the 4.25 percent target for the year.

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