BRAZIL: Economists keep 2019 year-end interest rate estimate at 6.50%

São Paulo, 11 - Economists polled by the Brazilian central bank kept unchanged their forecast for the country's benchmark interest rate (Selic) at the end of 2019 at 6.50%. Their estimate...

São Paulo, 11 - Economists polled by the Brazilian central bank kept unchanged their forecast for the country's benchmark interest rate (Selic) at the end of 2019 at 6.50%. Their estimate for the Selic rate in 2020 remained at 8.00% for the fifteenth week in a row. For 2021 and 2022, projections for the Selic rate also remained at 8% for 84 and 60 weeks, respectively. Currently, the Brazilian benchmark interest rate is at 6.50%, its lowest historical level. Olívia Bulla / Agência CMA Translation by Ricardo Gozzi http://www.agenciacma.com.br/esp/



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BRAZIL: Economists keep 2019 year-end interest rate estimate at 6.50%

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