Brazil economists raise rate and inflation forecasts

Brazilian economists have revised their economic outlook, significantly increasing their forecasts for both interest rates and inflation. This adjustment comes just ahead of a crucial monetary policy decision by the country's central bank. The updated projections suggest a less optimistic scenario for economic easing, potentially dampening expectations for a rapid reduction in borrowing costs. The revised forecasts indicate persistent inflationary pressures and a more cautious approach from policymakers moving forward.