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Brazil 2021 inflation, GDP and interest rate forecasts surge to new highs – FOCUS survey

RIO DE JANEIRO, BRAZIL - Forecasts for Brazilian growth, inflation, and interest rates in 2021 hit new highs, a survey of economists showed on Monday, with the Central Bank now seen tightening policy much faster as inflation sails above the upper limit of its target range.

The median forecast for 2021 inflation from more than 100 economists in the bank’s weekly FOCUS survey jumped to 5.8% from 5.4%, more than two percentage points above the bank’s year-end goal of 3.75% and well above the 5.25% upper limit of its wider range.

Following the release . . .

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