The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
Browsing: Selic
Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
Selic was cut back by 0.5 percentage point, reaching its lowest level ever.
Monetary Policy Committee (Copom) reduced Selic from 5.5% to 5% per annum last week. Minute released this Tuesday points to a new 0.5 percentage point reduction in the next meeting.
Banks reduced their inflation forecast for the tenth straight time.
Activity slowed down compared with July, the Brazilian Central Bank reported this Friday.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
Monetary Policy Committee cut down Selic by 0.5 percentage point, to 6% per annum. Reduction is higher than forecasted by the market.
Financial institutions expects the Selic to be reduced by 0.25 percentual point in the Copom meeting this week.
Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.
