Selic
Coverage of Selic in the Nexus archive.
- Brazil’s Financial Morning Call for Thursday, July 9, 2026
Brazil's pre-market setup shows the Ibovespa near 170,700 and the real at 5.15 as markets anticipate the June IPCA inflation data and shifting expectations for an August Selic rate cut. The article highlights key financial indicators and upcoming economic announcements.
- Brazil’s Stock Market Rises a Second Day as Rate-Cut Bets Broaden
Brazil's Ibovespa stock index rose to 174,070 points and the real strengthened to 5.1686 per dollar as weak factory data increased expectations for a Selic rate cut.
- Brazil’s Stock Market Ends Flat as a Rate Cut Meets Global Caution
Brazil's Ibovespa stock index closed flat at 168,277.55 on June 18 after an initial rise from the Selic rate cut to 14.25% was offset by global market caution and profit-taking. The rate reduction initially boosted shares but failed to sustain gains amid international uncertainty.
- Brazil Market Bets on Higher-for-Longer Rates as Selic Call Hits 13.5%
The June 8 Focus survey raised the median 2026 Selic rate forecast to 13.5%, the first increase after a period of stability. The 2027 forecast also rose to 11.5%, while 2028 and 2029 forecasts remained at 10.00%. The 2026 IPCA inflation estimate increased from 5.09% to an unspecified higher value.
- Ibovespa Grinds Lower Toward Its Long-Term Line as a Strong Dollar Weighs
The Ibovespa fell 0.21% to 168,669 as a strong dollar and diminishing expectations of Selic rate cuts pressured Brazilian stocks, with the real dropping below 5.19.
- Brazil Economists Lift Selic 2026, 2027 Forecasts on Oil Spike
Brazilian economists have raised their forecasts for the Selic interest rate in 2026 and 2027 due to a surge in oil prices. The adjustment reflects concerns about inflationary pressures linked to the energy market.