Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
Browsing: inflation
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
Selic was cut back by 0.5 percentage point, reaching its lowest level ever.
The estimate regarding the 2019 National Extended Consumer Price Index from banks polled by the Brazilian Central Bank moved from 3.46% to 3.52%.
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.
Central Bank’ Focus Readout reported.
The IPCA-15 official inflation index preview was 0.09%.
Banks reduced their inflation forecast for the tenth straight time.
IPCA, official measure of inflation, slid by 0.04% last month
Price index recorded a year-on-year 1.1% decrease.
This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
Last month saw lower price raises than July, IBGE reported.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
