Brazil’s Inflation Forecast Drops for the 11th Consecutive Week, to 3.26 Percent

Financial institutions have reduced their inflation estimate this year for the 11th consecutive time.

RIO DE JANEIRO, BRAZIL - According to a Central Bank (BC) survey of the financial market released every Monday on the Internet, the forecast for inflation, calculated by the National Broad Consumer Price Index, this time dropped from 3.28 to 3.26 percent in 2019.

As for 2020, the estimate declined from 3.73 to 3.66 percent, in its fourth consecutive reduction. The forecast for the following years remained unchanged: 3 . . .

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