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Weekly Report - 25 April 2024 (WR-24-16)
BRAZIL: Uncertainty over interest rates
The president of Brazil’s central bank (BCB), Roberto Campos Neto, attended a G20 event in Washington DC on 18 April, in which he expressed uncertainty over the road ahead for monetary policy in Brazil. A further suggestion that the BCB might slow down its cycle of interest rate cuts came on 23 April, when it published the latest edition of its Focus bulletin, a weekly survey containing the economic forecasts of private sector analysts, showing that the country’s benchmark interest rate was projected to close the year at 9.50%, up from the 9.13% forecast from the previous week’s edition.
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