The market began to see the highest basic interest rate in 2023 amid rising expectations for inflation and the dollar, showed the Focus survey released by the Central Bank this Monday (21).
The expectation for the Selic interest rate at the end of this year remained at 13.75%, but for 2023 it rose to 11.50%, after 10 weeks at 11.25%.
The change occurs in the wake of increases in estimates for inflation. The projection for the rise of the IPCA in 2022 is now 5.88% and, for 2023, 5.01%. In the previous survey, inflation was calculated at 5.82% and 4.94% respectively.
The center of the official target for inflation in 2022 is 3.5%, and for 2023 it is 3.25%, always with a tolerance margin of 1.5 percentage points, more or less.
The survey, which captures the market’s perception of economic indicators, pointed out that, for the GDP (Gross Domestic Product), the growth estimate this year rose to 2.80%, from 2.77% before, but for the year that comes followed by 0.70%.
The weekly survey of a hundred economists also showed that there was an increase in estimates for the dollar, calculated at BRL 5.25 in 2022 and BRL 5.24 in 2023, from BRL 5.20 previously for both periods.
I have over 10 years of experience working in the news industry. I have worked for several different news organizations, including a large news website like News Bulletin 247. I am an expert in the field of economics and have written several books on the subject. I am a highly skilled writer and editor, and have a strong knowledge of social media. I am a highly respected member of the news industry, and my work has been featured in many major publications.
