Inflation Forecasts from Central Bank Continue to Rise in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The latest report Focus Report by the Central Bank (Banco Central do Brasil, or BC) shows that analysts’ forecasts for 2015 inflation increased for the twelfth consecutive time, going from 10.38 percent to 10.44 percent. For 2016 forecasts also increased, remaining above the target limit of 6.5 percent. According to the BC inflation is now expected to fall within the target range only in 2017.

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