Brazilian financial institutions expect prices to have gone up 3.33% by the end of this year in Brazil, up from last week’s 3.31% forecast.
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Forecasts from Brazilian financial institutions polled by the Brazilian Central Bank eased marginally, going from 3.44% to 3.43% for inflation and from 5% to 4.75% for the interest rate.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
A poll of Brazilian banks this week shows that GDP is seen going up 0.87% in 2019, up from 0.80% as of last week.
After sliding for 20 straight weeks, the 2019 economic growth projection from respondents of a Brazilian Central Bank poll edged up to 0.82%, up from 0.81% as of last week.
The economic growth forecast from financial institutions dropped from 0.82% last week to 0.81% in this one.
The 2019 economic growth forecast from Brazil’s Ministry of Economy narrowed from 1.6% to 0.8%.
Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.
Brazilian banks expect the economy to grow by 1% in 2019, the 15th straight downward revision of the estimate.
Brazilian financial market players expect to see 1.49% economic growth this year, down from 1.70% as of last week’s poll.
Expected economic growth in Brazil shrank from 1.98% to 1.97% this week from the last one, as per the Central Bank’s Focus Bulletin.
Brazilian financial market players’ 2019 economic growth estimate moved from 2% to 1.98%.
Financial institutions are expecting the Brazilian economy to see 2.28% growth in 2019. The estimate is down than that of last week.
A Brazilian Central Bank poll of financial institutions shows that prices are expected to have gone up by 3.71% by the end of the year. The result is the same as last week’s.
