Estimate by Brazilian banks points to a 3.94% rate for the Extended National Consumer Price Index (IPCA) this year, down from the forecast of 4.13% of last week.
Browsing: interest rates
The financial market forecasts a 4.40% inflation rate for Brazil this year. Last week, the forecast was 4.43%.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
The forecast made by financial institutions for the inflation rate in Brazil went from 4.28%, last week’s estimate, to 4.3% this week. It was the third straight increase.
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.
Financial institutions polled by the Brazilian Central Bank kept unchanged their GDP growth forecast for the Brazilian economy in 2018 and 2019.
Financial institutions polled by the Brazilian Central Bank expect the Brazilian economy to grow 1.76% in 2018. Last week’s forecast called for a 1.94% forecast.
The North American currency had an appreciation of 0.61% over the real this Thursday. It was the currency’s fifth consecutive appreciation.
