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21/08/2017 - 13:09hs

Market’s inflation forecast up again

Financial market experts believe that the Extended National Consumer Price Index (IPCA) will end 2017 at 3.51%, according to a bulletin by the Brazilian Central Bank (BC). It’s the fifth time the forecast is revised up.

Brasília – The financial market increased, for the fifth consecutive time, its forecast for the inflation rate. This time, the forecast for the Extended National Consumer Price Index (IPCA) at the end of 2017, went from 3.50% to 3.51%. The estimate is part of the Focus Bulletin, a survey published weekly by the Brazilian Central Bank with forecasts for economic indicators.

For 2018, the IPCA forecast remains at 4.20% for the fifth consecutive week. The forecasts for both years are still below the target center of 4.50% established by the BC.

The market’s forecast for the SELIC (benchmark interest rates) at the end of both 2017 and 2018 remained at 7.50% per year. The estimate for the expansion of the Gross Domestic Product (GDP) was kept at 0.34% for this year and 2% for 2018.

*Translated by Sérgio Kakitani

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