Home / Business and Economy / Brazil Rate Cut Looms: Selic Forecast Lowered
Brazil Rate Cut Looms: Selic Forecast Lowered
21 Sep
Summary
- Brazil's 2026 interest rate forecast lowered to 13.5%
- Economy cooling as presidential election approaches
- Analysts survey indicates a gradual economic slowdown
Analysts in Brazil have revised downward their year-end forecast for the nation's benchmark interest rate, the Selic. The updated projection now anticipates the Selic rate to reach 13.5% by the end of 2026, a decrease from the previously held 13.75% expectation.
This recalibration comes as Brazil's economy shows signs of gradual cooling. The economic slowdown is occurring in the lead-up to the country's presidential election, scheduled for next month. The weekly survey of analysts highlights this evolving economic landscape.
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