The financial market maintained its forecast for the national broad consumer price index (IPCA) – considered the country’s official inflation – at 4.37% for the end of 2024. It is the same as last week.
The data is contained in the FOX bulletin issued by the central bank on Monday with forecasts for key financial indicators. Regarding economic growth, analysts expect GDP to grow by 3%, which is the same indicator seen last week as well.
As for the base interest rate, economists are working with a Selic that will end in 2024 at 11.75%. At the last meeting of the Central Bank’s Monetary Policy Committee, it was decided to keep the interest rate at 10.75%.
The next COBOOM meeting is scheduled for November 5-6. Regarding the exchange rate, analysts indicate that the dollar will end 2024 at 5.40 Brazilian reals.
