{"id":148941,"date":"2017-12-26T13:42:00","date_gmt":"2017-12-26T15:42:00","guid":{"rendered":"https:\/\/anba.com.br\/inflation-forecast-drops-for-5th-time-2\/"},"modified":"2019-06-30T12:43:54","modified_gmt":"2019-06-30T15:43:54","slug":"inflation-forecast-drops-for-5th-time-2","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/inflation-forecast-drops-for-5th-time-2\/","title":{"rendered":"Inflation forecast drops for 5th time"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The inflation forecast from financial market players polled by the Brazilian Central Bank changed down for the fifth week in a row. Inflation is expected to fall short of the monetary authority&rsquo;s target range. The news was made public in the Central Bank&rsquo;s Focus Bulletin, issued online weekly and covering key economic indicators. <\/p>\n<p>The Central Bank strives to keep inflation in the 3%-6% range, the midpoint being 4.5%. In the 11 months through November, the Extended Consumer Price Index (IPCA) reached 2.5%, the lowest result for the period since 1.32% through November 1998. The projection for 2018 also moved down, from 4% to 3.96%. <\/p>\n<p>To steer inflation toward desired levels, the Central Bank relies primarily on the benchmark interest rate &ndash; at 7%, it is currently at an all-time low. The Central Bank poll&rsquo;s respondents see the Selic ending 2018 at 6.75% per annum, down from a prior 7% forecast. <\/p>\n<p>Expected Gross Domestic Product (GDP) growth changed up from 0.96% to 0.98% regarding this year, and from 2.64% to 2.68% in 2018.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Brazilian Central Bank poll of financial market players shows prices are expected to be up 2.78% this year, down from a prior 2.83%. The projection for 2018 also eased.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-148941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"A Brazilian Central Bank poll of financial market players shows prices are expected to be up 2.78% this year, down from a prior 2.83%. The projection for 2018 also eased.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=148941"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148941\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=148941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=148941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=148941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}