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.
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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.
Financial institutions predicted a 1.40% growth for the Brazilian economy this year, below last week’s forecast.
The Extended National Consumer Price Index (IPCA) dropped 0.09% last month.
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%.
Brazil’s weekly consumer price index climbed 0.19% in the seven days through August 15, down from 0.20% the previous week.
A poll of financial institutions by the Brazilian Central Bank shows inflation at an expected 4.15% in 2018, up from 4.11% last week.
Last month, the increase in prices reached 0.33%, below the 1.26% registered in June.
The expectation from financial institutions regarding the 2018 Extended Consumer Price Index (IPCA) remains the same as last week’s.
Year-to-date, the IPCA-15 stands at 3% per year, while year-over-year it registered 4.53%, according to the Brazilian Institute of Geography and Statistics (IBGE).
IPCA, the official inflation rate indicator in Brazil, registered 1.26% in June, the highest rate for the month since 1995.
A Brazilian Central Bank poll shows financial market players are expecting inflation this year to be higher than in the last week.
