Brasília – The financial market expects the Extended National Consumer Price Index (IPCA) to stand at 4.81% in 2017, according to the Focus Bulletin, the survey conducted and published weekly by the Brazilian Central Bank (BC) with financial institutions. This Monday’s projection was revised down against last week’s forecast of 4.87%.
The market expects the IPCA in 2017 to be well below the estimation made for the inflation rate in 2016, which went from 6.38% to 6.35% between January’s first week and the current one.
Regarding the Selic, the benchmark interest rates, financial institutions kept unchanged their forecast of 10.25% per year, as was the case with the GDP growth, expected to be of 0.5%.
*Translated by Sérgio Kakitani
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