LatinNews Daily - 22 September 2026

*Brazil’s central bank (BCB) has released the latest edition of its Focus bulletin, a weekly survey containing the forecasts of private sector economists and analysts, who expect that the BCB will implement another 25-basis-point rate cut by the end of this year. Amid recent signs of an economic slowdown and lower consumer spending, the latest forecast in the bulletin shows that the benchmark interest rate (Selic) could be lowered to 13.50% in 2026. The Selic rate currently stands at 13.75%, after the BCB made its fifth consecutive rate cut last week. Until this week, economists surveyed for the Focus bulletin had expected that last week’s interest rate decision would have been the final rate cut of 2026. The BCB’s monetary policy committee (Copom) is scheduled to hold its next meetings to discuss interest rates on 3-4 November and 8-9 December. The latest Focus bulletin also showed an annual inflation forecast of 4.92%, up slightly from the 4.90% projection a week earlier, and an annual GDP growth forecast of 1.88%, marking a slight decrease from 1.89% in the previous week’s bulletin.

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