Economists estimate the 13.5% in 2016 Selic

Economists from financial institutions retained the expectantly of 0.50 percentage point cut in the prime rate at the last meeting of Copom (monetary policy Committee) this year, but lowered the expectation for the end of 2017. If confirmed the projection pointed to the research Focus of the Central Bank of this Monday (31/10) to the Copom meeting on 29 and 30 November, the Selic will end the year at 13.5%.
But for 2017 the survey showed that the expectation for the prime rate fell 10.75%, after seven weeks of 11% projection. In the minutes of the meeting at which the Central Bank promoted the first cut in interest rates in four years, to 14%, the Central Bank adopted a tougher tone in relation to the process of cutting basic interest rates, noting that it takes "increased persistence" in his policy.
Economists more hit forecasts, gathered in the Top-5, also continue watching the Selic to 13.5 percent at the end of this year, and kept the 11.25% projection for the end of 2017.
On inflation, the prospect for the IPCA in Focus was adjusted to 6.88 percent this year, against 6.89 previously. Next year the estimate remained at 5%.
Already accounts for GDP (gross domestic product) got worse, pointing to 3.30% shrinkage in 2016, about fall of 3.22% before. For 2017 experts see expansion of 1.21%, compared with 1.23%.