In Brazil inflation projection for this year increases for 25th consecutive week – Focus report

Last week, the Brazilian Central Bank increased the basic interest rate SELIC by one percentage point to 6.25% per year.

RIO DE JANEIRO, BRAZIL - The market continued to increase expectations for inflation this year for the 25th week in a row while continuing to see lower growth in economic activity in 2022, showed the Focus bulletin released by the Central Bank on Monday (27).

The survey showed that the projected rise in the IPCA index in 2021 is 8.45%, from 8.35% in the previous week. For 2022, the projected rise also increased and went to 4.12%, from 4.10% before.

The center of the official inflation target for 2021 is 3.75% and for 2022 is 3 . . .

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