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That’s the forecast made by financial institutions in Brazil for the Extended National Consumer Price Index (IPCA) in 2018. Last week, their estimate stood at 4.43%. It’s the sixth straight time that banks revise up their forecast.

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 Brazilian Central Bank’s weekly survey shows that financial institutions expect a 1.47% growth for the Brazilian economy this year. Last week, the banks’ GDP forecast stood at 1.49%. The inflation forecast was revised up.