By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Brazil’s Central Bank increased its forecast of annual inflation for this year, from a 6.9 percent forecast in June to 7.3 percent. The increase in inflation forecast is in the Quarterly Inflation Report, released on Tuesday (September 27th) in Brasilia.
This latest forecast, however, calls for a smaller inflation rate next year, from the June forecast of 4.7 percent to an estimate of 4.4 percent . . .