Brazil’s Selic Rate Set to Hit 15% by 2025: A Shift in Monetary Policy

Brazil’s financial markets brace for a prolonged period of high interest rates. Analysts now project the Selic rate to reach 15% by the end of 2025, a level not seen since 2006. This forecast represents a significant shift from earlier expectations and highlights the challenges facing Brazil’s economy. The Central Bank of Brazil faces a […]