Brazilian banks expect the economy to grow by 1% in 2019, the 15th straight downward revision of the estimate.
Browsing: benchmark interest rate
Brazilian financial market players’ 2019 economic growth estimate moved from 2% to 1.98%.
The results of a poll of financial market players in Brazil shows that prices are expected to have climbed by 4.13% at the end of this year, down from a prior 4.23% forecast.
As per a Brazilian Central Bank poll, financial market players are expecting prices to be up 4.23% this year. The forecast is down from last week.
A Brazilian Central Bank index shows the economy picking up in August from July. Year-on-year, activity increased by 2.5%.
Projections regarding Brazil’s Extended National Consumer Price Index (IPCA) moved up for the second straight week, to 4.28%.
Financial institutions predicted a 1.40% growth for the Brazilian economy this year, below last week’s forecast.
Brazil’s benchmark rate has been kept at 6.5% per annum for the third straight time, in a decision made this Wednesday by the Monetary Policy Committee.
