The official target is 3.25 percent inflation in 2023 and 3 percent in 2024, with a margin of tolerance of 1.5 percentage points in both cases.
According to the bank's weekly survey of the country's leading financial institutions, experts also raised the benchmark interest rate, currently at 13.75 percent annually, from 12.25 percent to 12.5 percent at the end of this year, with a gradual decrease to close 2024 at 9.25 percent.
The market lowered the gross domestic product (GDP) growth estimate from 0.78 percent to 0.77 percent for 2023, keeping it at 1.5 percent for 2024.
Regarding the exchange rate, economists expect it to be at 5.28 Brazilian reals to the U.S. dollar for 2023 and 5.3 reals to the U.S. dollar at the end of next year.
Analysts also forecast a trade surplus of 57.2 billion U.S. dollars in 2023 and 52.4 billion U.S. dollars in 2024.
In addition, experts estimated Brazil's foreign direct investment in 2023 to be at 80 billion dollars and 77.5 billion dollars in 2024.
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