Brazil Economists Boost 2013 Selic Forecast Third Straight Week

Analysts covering Brazil’s economy raised their forecast for the benchmark rate at year-end, as policy makers seek to control accelerating annualized inflation in the world’s second-biggest emerging market.

Brazil Retail Sales Fall Most Since 2008 as Shoppers Pinched

Brazil’s retail sales fell in May by the most in more than three years, as indebted consumers failed to respond to government measures to spur demand.