São Paulo – The Focus bulletin released this Monday (10th) by the Brazilian Central Bank (BC) points to an inflation increase for the 17th straight week. The bulletin is a weekly survey done by the monetary authority with more than 100 financial institutions about their expectations for the Brazilian economy. The result indicates that the inflation rate will close this year at 9.32%. Last week, the forecast for the official inflation stood at 9.25%. For 2016, the inflation forecast stands at 5.43%.
The same survey shows a worsening of the financial institutions forecast for the Gross Domestic Product (GDP). This week, the estimation is for a retraction of 1.97%. Last week, it showed a decline of 1.8%. For 2016, the forecast calls for zero growth. Last week, the Focus bulletin showed a growth estimation of 0.2%.
Still according to the survey, financial institutions expects the dollar at the end of 2015 to be worth R$ 3.40 and, at the end of 2016 to be at R$ R$ 3.49. The estimation also sees the benchmark interest rate at the end of 2015 to be at 14.25% and to decline to 12% in December 2016.
*Translated by Sérgio Kakitani
