{"id":53223,"date":"2016-02-01T15:08:00","date_gmt":"2016-02-01T17:08:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/market-raises-inflation-forecast\/"},"modified":"2019-06-30T12:54:49","modified_gmt":"2019-06-30T15:54:49","slug":"market-raises-inflation-forecast","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/market-raises-inflation-forecast\/","title":{"rendered":"Market raises inflation forecast"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; The forecast by financial institutions regarding the inflation rate this year continues to rise. In the fifth consecutive revision, the forecast for the Extended National Consumer Price Index (IPCA) went from 7.23% to 7.26%. For 2017, the forecast has been revised up for three consecutive weeks &ndash;, this time going from 5.65% to 5.8%. These forecasts are part of the Focus Bulletin of this Monday (1). The survey is released weekly by the Brazilian Central Bank (BC).<\/p>\n<p>The forecasts for the inflation rate stand far from the target midpoint, which is set at 4.5%, and this year they exceed the upper limit of the target of 6.5%. The upper limit set for 2017 stands at 6%.<\/p>\n<p>After the last decision by the BC&rsquo;s Monetary Policy Committee (Copom) of maintaining the benchmark interest rates, the Selic, at 14.25% per year, analysts don&rsquo;t expect any more interest rate raises&nbsp;in 2016. In 2017, the estimates point to a reduction of the Selic, predicted to close the year at 12.75%.<\/p>\n<p>Financial institutions also forecast a retraction of the economy in 2016. The estimate of a decline of the Gross Domestic Product (GDP) was slightly revised from 3% to 3.01%. For 2017, financial institutions expect an economic recovery, with a growth of 0.7%. The previous growth forecast marked 0.8%.<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial institutions believe the rate will mark 7.26% this year and 5.8% in 2017, according to Focus bulletin by the Brazilian Central Bank.<\/p>\n","protected":false},"author":2316,"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-53223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Financial institutions believe the rate will mark 7.26% this year and 5.8% in 2017, according to Focus bulletin by the Brazilian Central Bank.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53223","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\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=53223"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53223\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}