{"id":57416,"date":"2017-06-12T15:05:00","date_gmt":"2017-06-12T17:05:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/inflation-gdp-projections-revised-down\/"},"modified":"2019-06-30T12:46:57","modified_gmt":"2019-06-30T15:46:57","slug":"inflation-gdp-projections-revised-down","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/inflation-gdp-projections-revised-down\/","title":{"rendered":"Inflation, GDP projections revised down"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; Brazilian financial market players have revised down their inflation and economic growth projections for this year. According to the Focus Bulletin, which contains the results of a poll of financial institutions conducted on a weekly basis by the Brazilian Central Bank, the forecast for the Extended National Consumer Price Index (IPCA) at the end of this year moved from 3.9% to 3.71%, and from 4.4% to 4.37% for 2018.<\/p>\n<p>The revision comes after the announcement that the IPCA reached 0.31% in May, the lowest rate for the month since 2007 (0.28%). In June, the poll&rsquo;s respondents expect consumer prices to remain flat. The previous projection had been 0.2% inflation.<\/p>\n<p>Gross Domestic Product (GDP) growth estimate slid from 0.5% to 0.41% for this year, and from 2.4% to 2.3% for 2018.<\/p>\n<p>Respondents see the benchmark interest rate (aka Selic) ending 2017 and 2018 at 8.5% per annum, down from the current 10.25% per annum. The US dollar is seen costing BRL 3.39 at the end of this year and BRL 3.40 at the end of 2018.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Brazilian Central Bank\u2019s Focus Bulletin, a poll of financial institutions regarding the economy, shows that the annual inflation expectation dropped to 3.71% and the GDP growth forecast eased to 0.41%.<\/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-57416","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian Central Bank\u2019s Focus Bulletin, a poll of financial institutions regarding the economy, shows that the annual inflation expectation dropped to 3.71% and the GDP growth forecast eased to 0.41%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57416","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=57416"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57416\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=57416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=57416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=57416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}