Brazil’s central bank raises inflation forecast for 2025

The “Focus Report” released by the Central Bank of Brazil on February 24th local time showed that the Central Bank of Brazil raised the country’s inflation rate forecast for 2025 from 5.60% to 5.65%, and the economic growth forecast remained at 2.01%. This is the 19th consecutive week that the Central Bank of Brazil has raised its inflation rate forecast.

The Brazilian National Monetary Council set the inflation management target for 2024 to 2026 at 3%, allowing a fluctuation of 1.5 percentage points.

The report also showed that the Central Bank of Brazil maintained the country’s benchmark interest rate forecast for 2025 at 15%, and lowered the benchmark interest rate forecast for 2026 to 12.5%.

Through surveys of more than 100 financial institutions, the Central Bank of Brazil regularly releases the “Focus Report” every week to predict the situation and trends of important domestic economic data.

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