Brasília – The Brazilian Central Bank (BC) revised up the inflation forecast for this year. In the new estimate, the rate for the Extended National Consumer Price Index (IPCA) stands at 7.3% in 2016, against 6.9% in June. The new data is from the Quarterly Inflation Report made public this Tuesday (27) in Brasília.
In 2017, inflation should retreat and end the year at 4.4% against the previous estimate of 4.7%. These forecasts were made using the baseline scenario, with data that were available until September 22. In this scenario, the price of the dollar was BRL 3.30 and the Selic, the benchmark interest rate, was 14.25% per year.
*Translated by Sérgio Kakitani
