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09/10/2017 - 12:30hs
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Inflation estimate up slightly

After six straight drops, the 2017 forecast from Brazilian financial market players changed up from 2.95% to 2.98%.



Brasília – After dropping for six straight times, the estimate from Brazilian financial market players regarding the Extended National Consumer Price Index (IPCA) this year moved up from 2.95% to 2.98%.

The forecast is issued online each Monday by the Brazilian Central Bank in its Focus Bulletin, which covers the main economic indicators. The forecast for 2018 changed from 4.06% to 4.02%, in the sixth week-on-week drop.

The benchmark interest rate, known as Selic, is expected to be 7% per annum this year and the next, the same as last week’s forecast. Gross Domestic Product (GDP) is seen growing by 0.70% this year, the same as last week. The GDP forecast for 2018 moved from 2.38% to 2.43%.

*Translated by Gabriel Pomerancblum

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