Brazil’s Inflation Forecast to Rise Even Further in 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Central Bank in Brazil has increased once again its forecast for inflation this year. According to the latest Quarterly Inflation Report, released on Thursday by the institution, inflation in 2015 should increase to 9.5 percent from the nine percent forecast in June, while the Selic should remain at 14.25 percent until the end of the year.

In a surprising move, Central Bank President Alexandre Tombini himself attended the press conference to talk about the details of the report and answer questions by reporters. According to Tombini Brazil . . .

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