JPMorgan Raises Brazil’s Selic Rate Forecast to 14.25% Amid Fiscal Concerns

Brazil’s central bank faces a challenging economic landscape as it navigates rising inflation and fiscal uncertainties. JPMorgan recently revised its forecast for Brazil’s Selic rate. The bank now expects the rate to reach 14.25% by early 2025. This prediction comes after the government announced a new fiscal package. The package aimed to address budgetary concerns […]