{"id":55894,"date":"2016-12-12T13:29:00","date_gmt":"2016-12-12T15:29:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/banks-revise-down-inflation-forecast-2\/"},"modified":"2019-06-30T12:49:48","modified_gmt":"2019-06-30T15:49:48","slug":"banks-revise-down-inflation-forecast-2","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/banks-revise-down-inflation-forecast-2\/","title":{"rendered":"Banks revise down inflation forecast"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; The financial market is expecting the inflation rate to be close to the upper limit of this year&rsquo;s target range. According to a weekly survey conducted by the Brazilian Central Bank (BC), the forecast for the Extended National Consumer Price Index (IPCA) was revised down from 6.69% to 6.52%. The upper limit of the inflation target range is 6.50% with the center set at 4.5%. This is the fifth consecutive time that the forecast is revised down.<\/p>\n<p>For 2017, the inflation rate was revised down from 4.93% to 4.90%, according to the survey, which is made public every Monday in Bras&iacute;lia. The inflation target for next year is 4.5%, with an upper limit of 6%. <\/p>\n<p>For the financial institutions, Selic, the benchmark interest rate, will end 2017 at 10.50% per year. Currently, the Selic is at 13.75% per year.<\/p>\n<p>The forecast by financial institutions for the economy&rsquo;s decline worsened, going from 3.43% to 3.48%. For 2017, the growth estimate was revised down from 0.80% to 0.70% for the eighth consecutive time.<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial market is predicting the inflation rate to be 6.52% in Brazil this year. Previous estimate was 6.69%.<\/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-55894","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Financial market is predicting the inflation rate to be 6.52% in Brazil this year. Previous estimate was 6.69%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55894","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=55894"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55894\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=55894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=55894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=55894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}