Brazil’s 2021 inflation outlook surges to 4.6%, well beyond Central Bank target – Survey

It was the tenth weekly rise in a row, and was accompanied by a further increase in the average forecast for official interest rates at the end of this year, by 50 basis points to 4.50%.

RIO DE JANEIRO, BRAZIL - Brazil’s expected inflation for 2021 shot up to a new high of 4.6%, a Central Bank survey of economists published on Monday, March 15th, showed, significantly above the bank’s year-end target of 3.75%.

It was the tenth rise in a row, and was accompanied by a further increase in the average forecast for official interest rates at the end of this year, by 50 basis points to 4.50%.

The average forecast for IPCA consumer price inflation at the end of this year rose significantly 0.6%, up from 4.0 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?