The Brazilian financial market raised from 1.20 to 1.26 percent the estimate of Gross Domestic Product (GDP) growth for this year and maintained the forecast at 1.30 percent for next year, the Central Bank of Brazil announced today, Monday.
According to the Focus survey conducted by the central entity among the country's leading financial institutions, market analysts lowered their inflation estimate from 5.80 to 5.71 percent at the end of 2023.
They maintained it at 4.13 percent for 2024.
Brazil's official inflation target is 3.25 percent this year and 3 percent . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here