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Financial News: BRAZIL: Interest Rate Forecast For 2018 Stable At

BRAZIL: Interest Rate Forecast For 2018 Stable At 6.50% Per Year

07/16/2018 - 13:20:00 (RTTNews)

(RTTNews) - Economists polled by the Brazilian central bank kept their estimates for the country's benchmark interest rate (Selic) at the end of 2018 unchanged for the seventh week at 6.50%.

For 2019, estimates about the year-end Selic remained at 8.00% for the 26th week. Projections for the Selic rate in 2020 in 2021 remain at 8% per year for 52 and 54 weeks, respectively.

Last month, the Brazilian central bank's Monetary Policy Committee (Copom) kept the country's benchmark interest rate unchanged at 6.50%.

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