Financial institutions polled by the Brazilian Central Bank expect inflation to be 3.20% this year in Brazil, down from last week’s 3.22% estimate.
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Prices are seeing going up 3.25% in Brazil this year, as per a Brazilian Central Bank poll of financial institutions. The number is lower than that of last week.
The rate is the lowest for the month since the implementation of Plano Real in 1994.
Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
The IPCA-15 official inflation index preview was 0.09%.
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.
Price index recorded a year-on-year 1.1% decrease.
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.
