Financial market projection for inflation drops to 4.15%

Financial market projection for inflation drops to 4.15%

Financial institutions expect Selic to remain at 6.5% per annum by the end of 2018. Expectation is rate to increase in 2019, ending at 8% per annum

Inflation should be 4.1%, according to financial marketMarcello Casal jr / Brazil AgencyAfter eight consecutive hikes, financial institutions consulted by the Central Bank (BC) reduced their projection for this year's inflation.The estimate for the Extended National Consumer Price Index (IPCA) fell from 4.17% to 4.15%, according to the Focus survey, published every week by the BC, with projections by financial institutions for key economic indicators.For financial institutions, the IPCA in 2019 will be 4.10%, same estimate four weeks ago, and 4% in 2020 and 2021.These estimates are below the center of the target to be pursued by the BC except 2020 and 2021. This year, the center of the target is 4.5%, with a lower limit of 3% and an upper limit of 6%.For 2019, the forecast is 4.25%, with tolerance range between 2.75% and 5.75%.For 2020, the target is 4% and 2021, 3.75%, with a tolerance range of 1.5 percentage points for the two years (2.5% to 5.5% and 2.25% to 5.25% , res...


>>> Veja o artigo completo (Fonte)