Brasília – A survey conducted by the Brazilian Central Bank among analysts from financial institutions shows the inflation measured as per the Broad Consumer Price Index (IPCA) has been revised down from 6.02% to 6% in 2014.
The weekly Focus bulletin, issued this Monday (3rd), contains the sector’s expectations. The exchange rate estimate has worsened: the US dollar is expected to cost R$ 2.47 by the end of the year, as against R$2.45 in the last bulletin.
The benchmark interest rate (Selic) is believed by the financial market to be 11% by the end of 2014, and the Net Public Sector Debt has been revised up from 34.8% to 34.9% of the Gross Domestic Product (GDP), whose growth estimate has been maintained at 1.91%.
Industrial output, in turn, is expected to decline by a higher rate than in last week’s bulletin, from 2% to 2.2%.
The current account deficit forecast remains at US$ 73 billion, while the trade balance is expected to run an US$ 8.25 billion surplus, as against US$ 8 billion in the prior estimate.
Foreign direct investment is expected to amount to US$ 58, as against US$ 57.5 billion as per the last bulletin.
*Translated by Gabriel Pomerancblum
