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 . . .