Brasília – The financial market’s forecast for the growth of Brazil’s Gross Domestic Product (GDP) was revised up for the second consecutive time, going from 2.80% to 2.89%. For 2019, the forecast remains at 3% for the fourth consecutive week. The data is part of the Focus bulletin, a weekly survey conducted by the Brazilian Central Bank (BC).
The financial market revised down, for the fourth consecutive week, the inflation forecast for this year. The estimate for the Extended National Price Consumer Index (IPCA) went from 3.81% to 3.73%. According to the market, the SELIC, the benchmark interest rates, will end 2018 as it is in the moment (6.75%), going up throughout 2019 and ending next year at 8% per year.
*Translated by Sérgio Kakitani
