Brazilian market raises benchmark interest rate forecast to 11.25 pct

BRASILIA, Sept. 9 (Xinhua) -- Brazil's financial market raised the benchmark interest rate forecast for the end of the year from 10.50 to 11.25 percent and from 10 to 10.25 percent for 2025, the Central Bank of Brazil said Monday.

According to the bank's weekly Focus survey of financial analysts at the country's main financial institutions, the forecast reflects the expectation that the bank's Monetary Policy Co