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19/02/2018 - 13:20hs

Inflation estimate from banks down

Financial market players expect prices to be up 3.81% in Brazil this year. Last week’s forecast had been 3.84%. The GDP estimate has also improved.

Brasília – The 2018 economic growth forecast from Brazilian financial market players responding to a Central Bank poll increased this week, as per the Focus Bulletin made public by the monetary authority this Monday (19).

The Extended Consumer Price Index (IPCA) – the official measure of inflation in Brazil – is seen hitting 3.81% in 2018, down from 3.84% as of last week’s forecast.

The Gross Domestic Product (GDP) is seen widening by 2.80% this week, up from 2.70% last week. The 2019 forecast remained unchanged at 3%.

*Translated by Gabriel Pomerancblum

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