Banks’ inflation forecast revised down

04 de julho de 2016

Brasília – Brazilian financial institutions’ projection for inflation, measured by the national extended consumer price index Índice Nacional de Preços ao Consumidor Amplo (IPCA), decreased slightly from 7.29% to 7.27%. The forecast for 2017 also dropped, from 5.50% to 5.43%. The estimates are part of a weekly poll released by the Central Bank on Mondays.

The Gross Domestic Product (GDP) contraction expectation changed from 3.44% to 3.35% in 2016 and remained at 1% for the next year. The US dollar price projection moved from BRL 3.60 to BRL 3.46 at the end of 2016 and from BRL 3.80 to BRL 3.70 for the end of 2017.

*Translated by Gabriel Pomerancblum