RIO DE JANEIRO, BRAZIL - Market analysts in Brazil, consulted weekly by the Central Bank to prepare the Focus report with the median of its economic projections, have slightly raised their inflation estimate for this year from 5.03% to 5.09%.
This would represent half of the rise recorded last year, which would be partly a consequence of an increase in the interest rate from 9.25% to 11.75% per year in the coming months.
In turn, the exchange market is expected to remain fairly stable and the market expects the dollar to trade at R$5.60 at . . .
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