BNP Asset expects 1.5% Selic rate in August

The Central Bank is expected to make two additional 0.75 percentage point reductions and bring the Selic rate to 1.5% in August, says BNP Paribas Asset Management chief economist Tatiana Pinheiro. The manager’s base scenario comprises a fall of 7.5% in the Gross Domestic Product (GDP) this year and a growth of only 2.2% in 2021.

Source: Valor Investe