Brazilian economists project inflation at 4.33% in 2025, up from a previous forecast of 4.36%. GDP growth is projected at 2.26% in 2025, up from a previous forecast of 2.25%. The benchmark interest rate is projected to be 12.25% by the end of 2026, up from a previous forecast of 12.13%. The Brazilian real is projected to be worth 5.43 against the US dollar by the end of 2025, up from a previous forecast of 5.40.