Economic activity picked up by nearly 1% month-on-month and by 5.1% year-over-year in September as per Brazilian Central Bank figures.
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This Monday (3), the Brazilian Central Bank released the financial market’s new growth estimate for the country’s GDP, 2.19% for 2023. Last week’s projection was at 2.18%.
Brazil’s economy grew year-on-year in 2019, as per the Brazilian Central Bank’s Economic Activity Index.
The estimate regarding the 2019 National Extended Consumer Price Index from banks polled by the Brazilian Central Bank moved from 3.46% to 3.52%.
Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
The deficit slid to USD 494 million, from USD 666 million in March 2018.
A poll of Brazilian financial institutions showed that the National Extended Consumer Price Index is expected to end the year at 3.71%.
The financial market forecasts a 4.40% inflation rate for Brazil this year. Last week, the forecast was 4.43%.
Weekly survey by the Brazilian Central Bank (BC) shows that financial institutions expect the Monetary Policy Committee (COPOM) to maintain at 6.5% the interest rates in this week’s meeting.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
The forecast made by financial institutions for the inflation rate in Brazil went from 4.28%, last week’s estimate, to 4.3% this week. It was the third straight increase.
Only 5% of households had debt in arrears for over 90 days last August in Brazil, the Brazilian Central Bank reported.
In a survey by the Brazilian Central Bank (BC), financial institutions revised down their forecast for the expansion of the Brazilian economy in 2018, from 1.47% to 1.44%.
The North American currency, for a period, had surpassed BRL 4.20 this Thursday. The Brazilian Central Bank (BC) sold USD 1.5 billion worth of currency swaps.
