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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – While there was a consensus among financial analysts that consumer inflation in Brazil would top ten percent this year, the latest report by the Central Bank (CB) shows that analysts’ forecasts for 2016 inflation are also above the target limit of 6.5 percent. According to financial institutions surveyed by the CB for its Focus Report, inflation in 2016 is likely to reach 6.64 percent.

The Focus Report, released by the Central Bank on Friday shows that forecasts for the Subscribe to our Premium Membership Plan. Already Subscribed?