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GDP estimate from banks narrows

12/03/2018 at 18:58h

Brasília – Estimates from Brazilian financial market players concerning Gross Domestic Product (GDP) growth this year moved down from 2.90% as of last week to 2.87% in this one. The forecast concerning 2019 has been 3% for six straight weeks now. The numbers are from the Brazilian Central Bank’s Focus Bulletin, which contains the results of a weekly poll covering key economic indicators.

The Extended National Consumer Price Index (IPCA, in the Portuguese acronym) forecast, which gauges inflation, eased for the sixth straight week, this time from 3.70% to 3.67%. The poll’s respondents expect Brazil’s benchmark interest rate to end 2018 at 6.50% per annum and then climb to 8% by the end of 2019.

Via Agência Brasil. Translated by Gabriel Pomerancblum

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