Brasília – The 2018 Extended National Consumer Price Index (IPCA) forecast from financial institutions polled by the Brazilian Central Bank climbed to 4.15% this week from 4.11% in the last one. The IPCA is the official measure of inflation in Brazil.
The information was made available in the Central Bank’s weekly Focus Bulletin, which covers key economic indicators. Respondents see the IPCA at 4.10% by the end of 2019, and at 4% in 2020 and 2021.
The benchmark interest rate, known as Selic, is seen remaining level at 6.5% through the end of 2018 before going up to end 2019 at 8% per.
The 2018 Gross Domestic Product (GDP) growth forecast moved down from 1.50% to 1.49%. GDP is expected to see 2.5% growth in 2019, 2020 and 2021.
Respondents believe the US dollar will be selling for BRL 3.70 at the end of 2018 and 2019.
Translated by Gabriel Pomerancblum
