Brasília – Financial institutions polled by the Brazilian Central Bank (BC) revised up their inflation rate forecast for this year and 2019. The forecast for the Gross Domestic Product (GDP) was brought down from 1.49% to 1.47% this year. The data is from the Focus Bulletin, a weekly survey conducted by the BC with forecasts by financial institutions for the main economic indicators.
The forecast for the Extended National Consumer Price Index (IPCA) went from 4.15% to 4.17% this year. For 2019, banks expect it to go from 4.10% to 4.12%. For 2020, it remains at 4% and, for 2021, it went from 3.90% to 3.92%.
According to the financial institutions, the SELIC should remain at 6.5% per year until the end of 2018. For 2019, the banks expect it to go up, ending the year at 8% per year.
The GDP forecast was brought down from 1.49% to 1.47% this year. For 2019, 2020 and 2021, it remains at 2.5%.
The financial market’s forecast for the dollar went up from BRL 3.70 to BRL 3.75 at the end of this year and to back down again at BRL 3.70 at the end of 2019.
Translated by Sérgio Kakitani
