The scenario evolution was neutral for the Copom – 03/15
The February IPCA remained in line with our expectations (0.83%) and reinforced a constructive outlook ahead. This reading is crucial to the perception of the Central Bank, which will cut interest rates next week.
The first results of January showed stronger trade and services, but a more heated first quarter should not alter our expectation of 1.9% GDP growth for this year. Thus, we maintain our estimate of 8.75% for the Selic rate by the end of 2024.
For more information, please check our Weekly Report 55.
