Focus Report: Brazil’s Selic Rate Expected to Increase to 11.25% in 2024

Market analysts have revised their projections for Brazil’s key economic indicators for 2024, anticipating a significant increase in the central interest rate. This Monday, the Focus Bulletin unveiled that the Selic rate—the benchmark interest rate—will likely climb from 10.50% to 11.25%. This change aims to curb inflation and affect borrowing costs nationwide. The Selic rate […]