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MercoPress, en Español

Montevideo, November 22nd 2024 - 06:53 UTC

Tag: expansion forecasted

  • Wednesday, February 13th 2019 - 09:41 UTC

    Stable low inflation and expansion forecasted by Brazilian financial market

    The figures reaffirm the market's expectation that the Central bank will keep the benchmark interest rate at its current annual level of 6.5%, the lowest in history

    Brazil's financial market has cut its forecast of the country's inflation rate from 3.94 to 3.87 percent for 2019 and kept the rate at 4% for 2020, the Central Bank of Brazil reported. According to the Focus survey conducted by the bank among Brazil's main financial institutions, the forecasts are within the official target of 4.25 percent, with a tolerance margin between 2.75 percent and 5.75 percent.