Publication that gathers the forecasts of more than 100 analysts shows scenario with falling inflation and growth returns
For the sixth consecutive week, the financial market improved forecasts for inflation in Brazil. In this edition of the Focus Bulletin, projections for the Extended Consumer Price Index (IPCA) for the year increased from 4.09% to 4.06%. For 2018, the scenario also improved, from 4.46% to 4.39%.
The Focus Bulletin is a weekly publication in which the Central Bank gathers the projections of about 100 financial market analysts. They make predictions for the most important economic indicators for the Brazilian economy.
This scenario of low inflation will occur amid a low interest rate and economic growth - a framework that has been favored by the reforms proposed by the federal government, such as the ceiling of public spending and pension reform. These changes have been fundamental to guarantee sustainable growth in the country.
Analysts who hit the most
Among the analysts who hit the most predictions, a group called Top 5, the IPCA is expected to stand at 4.03% by the end of the year. The previous projection was higher, it was at 4.11%. For 2018, the forecast is at 4.25%.
Source: Portal Brasil, with information from the Central Bank