Analysts cut interest rate bets as central bank maintains easing pace

The Selic will fall to 9% by December 2024, down from the prior estimate of 9.25%, according to a survey. — Bloomberg

RIO DE JANEIRO: Brazil analysts have lowered their 2024 benchmark interest rate projections after the central bank reaffirms plans to maintain its pace of monetary easing for the coming months.

The Selic will fall to 9% by December 2024, down from the prior estimate of 9.25%, according to a weekly central bank economist survey published.