RIO DE JANEIRO, BRAZIL - The financial market has raised forecasts for inflation, the Selic rate, and the country's gross domestic product (GDP).
The Central Bank's Focus market report on Monday (26) estimated that inflation, as measured by the National Wide Consumer Price Index (IPCA), will end this year at a cumulative 6.56%. The Selic is seen at 7%.
In terms of inflation measured by the IPCA, this is the 16th consecutive increase promoted by the financial market. A week ago . . .