RIO DE JANEIRO, BRAZIL - Nearly 30% of economic analysts maintain their forecasts that inflation will be above the target of 3.25% set by the Central Bank's Monetary Policy Committee (Copom) at the beginning of 2023.
The median of market expectations, released by the monetary authority, remains on target.
But the design of the distribution of expectations is asymmetric, leaning towards higher values instead of the bell shape that would indicate a balance between those who bet on higher and lower values. The average inflation expectation for 2023 is 3.35%.
The distribution of expectations continues with an upward . . .
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