Financial markets have once again raised their forecasts for the Broad National Consumer Price Index, the country’s official inflation, for 2024. According to the Focus Bulletin, published this Monday. The IPCA expectation rose from 4.35 to 4.37% this year.
Regarding economic growth, according to analysts, GDP will close this year at 3%. Last week the estimate was 2.96%. Regarding the base interest rate, economists expect Selic to end 2024 at 11.5%.
The next meeting of the Central Bank’s Monetary Policy Committee, Copom, is scheduled for November. For the exchange rate, the dollar forecast at the end of 2024 is estimated at R$5.40.
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