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2018.07.1613:20:00UTC+00BRAZIL: Interest Rate Forecast For 2018 Stable At 6.50% Per Year

Economists polled by the Brazilian central bank kept their estimates for the country's benchmark interest rate (Selic) at the end of 2018 unchanged for the seventh week at 6.50%.

For 2019, estimates about the year-end Selic remained at 8.00% for the 26th week. Projections for the Selic rate in 2020 in 2021 remain at 8% per year for 52 and 54 weeks, respectively.

Last month, the Brazilian central bank's Monetary Policy Committee (Copom) kept the country's benchmark interest rate unchanged at 6.50%.

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