Brazil's central bank sees inflation at 3.2% in key 2027 horizon

BY Reuters | ECONOMIC | 12/18/25 06:11 AM EST

BRASILIA, Dec 18 (Reuters) - Brazil's central bank on Thursday projected inflation at 3.2% in the third quarter of 2027, a key horizon for its closely watched January interest rate decision, according to a quarterly monetary policy report.

In the previous report released in September, the inflation forecast for that period stood at 3.3%. The central bank targets inflation at 3%.

The report also showed the central bank now expects the economy to grow 2.3% this year, up from a previous forecast of 2.0%, and 1.6% in 2026, compared with 1.5% previously. (Reporting by Marcela Ayres; Editing by Gabriel Araujo)

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