Brazil’s Interest Rates Set to Rise: JPMorgan Predicts 11.50% Selic by 2025

JPMorgan anticipates Brazil’s central bank will raise interest rates starting September 2024. This forecast stems from concerns about rising inflation and accelerating economic growth. Key Points: JPMorgan expects the Selic rate to hit 11.50% by early 2025. A 0.25 percentage point increase is predicted for the September 17-18 Copom meeting. Three more 0.25 percentage point […]