Inflation Forecasts in Brazil for 2016 Rise Once Again

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Financial institutions in Brazil have increased for the sixth consecutive week their forecast for inflation in 2016, from 7.25 percent to 7.29 percent, according to the weekly Central Bank Focus Survey. The survey shows that for 2017 the estimate for inflation continues steady at 5.5 percent.

The forecast continues above the target center established by the government this year of 4.50 percent as well . . .

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