Price index recorded a year-on-year 1.1% decrease.
Browsing: inflação
Banks keep reducing their estimate for Brazil’s GDP. Expectation now is that the economy will grow 1.23% in 2019.
According to IBGE, this was the greatest change for the month of May since 2016.
The 2019 economic growth estimate from Brazilian financial market players eased from 1.49% to 1.45%.
Brazilian financial market players expect to see 1.49% economic growth this year, down from 1.70% as of last week’s poll.
Financial market revised down for the ninth time in a row their projections for Brazilian economy growth in 2019.
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.
IPCA, Brazilian official inflation index, was above the 0.15% registered in December, driven by food and beverages.
Official inflation projection IPCA-15 registered price drops primarily due to reduction in gas prices.
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.
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.
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.
Financial market players responding to a Brazilian Central Bank poll expect prices to have gone up 4.43% by the end of this year, up from a 4.40% forecast as of last week.
