Brasília – The 2020 forecast from financial institutions polled by the Brazilian Central Bank Central (BC) regarding the National Extended Consumer Price Index (IPCA, the official measure of inflation in Brazil) eased for the eighth straight week, this time from 3.22% to 3,20%.
The information is from the weekly Focus Bulletin, which covers key economic indicators. The 2021 IPCA forecast remained flat week-on-week at 3.75%, as did those concerning 2022 and 2023, at 3.50% in both cases.
The Gross Domestic Product (GDP) growth forecast slid from 2.23% to 2.20% for 2020, and remained at 2.50% regarding 2021, 2022 and 2023. The US dollar is seen selling for BRL 4.15 at the end of this year, up from BRL 4.10 in last week’s forecast, and for BRL 4.15 in late 2021, up from BRL 4.11 as per last week’s projection.
Translated by Gabriel Pomerancblum
