Brasília – Inflation forecasts from Brazilian financial market players widened for the second straight time last week. As per the Focus Bulletin issued by the Central Bank this Monday (24), banks expect 4.28% inflation this year, up from last week’s 4.09% forecast. The 2019 estimate also climbed, from 4.11% to 4.18%.
Respondents of the Central Bank’s weekly poll see the benchmark interest rate Selic ending the year at its current 6.5%. In 2019, the rate is expected to be raised to 8%.
Gross Domestic Product (GDP) is now seen growing 1.35% this year, down from a prior 1.36%. The 2019 forecast has been kept at 2.5%.
Translated by Gabriel Pomerancblum
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