(MENAFN) On Monday, December 28, the Central Bank of Brazil stated that, Brazilian financial analysts maintained their economic expansion forecast for this year at 4.4 percent, but raised their expansion expectations for next year from 3.46 percent to 3.49 percent. .
Analysts kept expected inflation for this year at 4.39 percent, but lowered their inflation forecasts for the next year from 3.37 percent to 3.34 percent, said the bank’s weekly survey of Brazil’s leading financial institutions.
The inflation forecast fell within the government’s objective rate of 4 percent this year and 3.75 percent next year, with a tolerance margin of 1.5 percentage points up or down.
The estimate for the benchmark interest rate, which is currently 2 percent year-on-year, is revised upward, from 3 percent to 3.13 percent for next year.
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