Market raises inflation projection to 4.85%

The market now sees even more monetary tightening this year, in an environment of higher expectations for inflation and lower growth. The survey showed that the projection for the Selic at the end of 2021 rose to 5.25%, from 5.00% before. With the basic rate currently at 2.75%, experts estimate a rise of 0.75% point in the Selic in the next meeting of the Central Bank in May, rising to 3.5%.

Source: Exame