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08/05/2017 - 13:57hs

Banks revise down inflation estimate

The increase in prices expected by Brazilian financial market players for 2017 changed from 4.03% to 4.01%. The GDP growth forecast edged up to 0.47% from 0.46% last week.

Brasília – The projection from Brazilian financial market players regarding the Extended National Consumer Price Index (IPCA) this year has moved down for the ninth straight week, this time from 4.03% to 4.01%. The information is from the Focus Bulletin issued each Monday by the Brazilian Central Bank.

The inflation forecast for this year is lower than the midpoint of the Central Bank’s target range, which is 4.5%, with the lower end at 3% and the high end at 6%. The estimate for 2018 climbed from 4.30% to 4.39%.

The Gross Domestic Product (GDP) growth estimate for this year changed up from 0.46% to 0.47%. In 2018, Brazil’s economy is seen growing by 2.5%. The projection has remained thuds for seven straight weeks.

*Translated by Gabriel Pomerancblum

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