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Montevideo, June 5th 2023 - 23:41 UTC

Tag: Carlos Viama

  • Thursday, September 29th 2016 - 11:23 UTC

    Brazil central bank sees annual inflation targets within arm's reach

    The central bank quarterly inflation report released this week lowered its 2017 inflation forecast to 4.4% from 4.7%.

    Brazil's central bank expects annual inflation to ease below the government's 4.5% target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. The bank also held its estimate for an economic contraction of 3.1% in 2016, but it expects the economy to grow 1.3% in 2017.