UBS Forecasts 8% Selic Rate, Aided by El Niño
UBS predicts Brazil's Selic rate will decrease to 8% by the end of 2024, below the broader market's expectation of 9%. Analysts attribute this to stagnant industrial inflation and decreasing food prices. These factors, they argue, will more than offset the steady inflation in services. As a result, they expect the IPCA to hit 3% […]