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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At USD 7.8 billion, the deficit in October was the widest for the month since 2014.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
Brazilian financial market players expect to see 1.49% economic growth this year, down from 1.70% as of last week’s poll.
The deficit slid to USD 494 million, from USD 666 million in March 2018.
US dollar outflows exceeded inflows in Brazil by USD 4.2 billion last month.
Brazilian financial market players’ 2019 economic growth estimate moved from 2% to 1.98%.
The main index of the São Paulo Stock Exchange closed above 96,000 points this Friday, up 0.78% from the day before.
The United States currency slid 1.04% this Friday to end the week at BRL 3.71.
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.
US dollar outflows exceeded inflows last month. The deficit stemmed from financial operations.
The Extended National Consumer Price Index (IPCA) slid for the sixth week back-to-back, this time to 3.89%, as per a Brazilian Central Bank poll.
