São Paulo – Brazil’s official inflation rate should be 7.56% at the end of the year, up from 7.26% in last week’s forecast, according to the Focus Bulletin, a weekly poll of financial institutions conducted by the Central Bank. Released this Wednesday (10), the bulletin also shows expectations regarding economic performance have deteriorated further, with the new Gross Domestic Product (GDP) shrinkage forecast at 3.21%. Last week’s forecast had been 3.01%.
The Focus Bulletin also shows that the US dollar is expected to be selling for BRL 4.35 by the end of this year, the same as last week. The benchmark interest rate forecast for the end of 2016 also remained unchanged at 14.25%.
*Translated by Gabriel Pomerancblum
