Brasília – Financial institutions polled by the Brazilian Central Bank (BC) kept unchanged their forecast for the growth of the Brazilian Gross Domestic Product (GDP) this year at 1.5%. For 2019, it estimates a 2.50% growth. The forecast for 2020 and 2021 also point to a 2.50% GDP growth.
The banks’ forecast for the dollar price remained at BRL 3.70 at the end of this year and the next. Banks expect the benchmark interest rates, SELIC, to remain at 6.5%. The BC’s Monetary Policy Committee (COPOM) gathers Tuesday (31) and Wednesday (01) to review the SELIC.
The forecast by the financial institutions for this year’s Extended National Consumer Price Index (IPCA, the country’s official inflation rate) remains at 4.11%. For 2019, the forecast points to a 4.10% rate. The forecasts for 2020 and 2021 also remained unchanged at 4%.
Translated by Sérgio Kakitani
