The market raises its inflation and interest rate forecasts in 2022 and 2023

Projections for banks, brokers and consultancies are published weekly by the Central Bank in the Focus report.| Photo: Rodrigo de Oliveira/Banco Central

The financial market raised its forecasts for inflation and core interest rates in 2022 and 2023. In one week, the median expectation for this year’s IPCA fell from 6.45% to 6.59% . For next year, the midpoint of projections has risen from 3.7% to 3.75%. In the case of the Selic rate, the median for 2022 was 12.75% to 13%. For 2023, it fell from 8.75% to 9%.

The market also changed projections for gross domestic product (GDP). Economic growth forecast for this year fluctuated from 0.49% to 0.5%. For next year, however, the midpoint of expectations fell again, this time from 1.43% to 1.3%. Projections from banks, brokers and consultancies are published weekly by the Central Bank in the Focus report.

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