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Analysts lower interest rate forecasts well below Central Bank signals

Analysts lower interest rate forecasts well below Central Bank signals
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Brazil's Central Bank cuts interest rate for first time in three years

Brazil's Central Bank cuts interest rate for first time in three years
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Copom reduces basic interest rate to 13.25% per year

Copom reduces basic interest rate to 13.25% per year
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Dollar soars and is approaching 4.90 reais due to external pressure

Dollar soars and is approaching 4.90 reais due to external pressure
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Copom reduces basic interest rate to 13.25% per year

According to the Focus Bulletin, market estimates now predict a year-end inflation rate of 4.84 percent, an improvement from the previous estimate of 4.98 percent. ....

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