By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Financial institutions in Brazil have increased their forecast for the country’s inflation (IPCA) this year, from 4.11 percent to 4.15 percent, according to the latest Focus Bulletin, released by Brazil’s Central Bank (CB) on Monday (August 13th).
The Bulletin also expects a decrease in GDP growth, stabilization in the benchmark interest rate and an appreciation of the Brazilian real in relation to the U.S. dollar by the end of the year.
Despite the increase, the latest market expectation continues below the . . .
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