TABLE-Brazil seen raising interest rates to 12 pct next year -poll

lunes 3 de noviembre de 2014 06:47 GYT

BRASILIA, Nov 3 (Reuters) - Brazil's central bank will raise
interest rates higher than previously expected next year,
according to a poll of economists taken after policymakers
surprised markets by increasing its benchmark Selic rate last
    The median forecast for Brazil's benchmark interest rate at
end-2015 rose to 12.00 percent from 11.50 percent in the prior
week's survey, according to the weekly central bank survey of
about 100 financial institutions. 
    The central bank raised the Selic rate by 25
basis points last week to 11.25 percent.
    Analysts also revised their expectations for economic growth
and inflation, forecasting slower expansion this year and higher
consumer prices in 2015 than they had previously predicted. 
 (pct)                2014                 2015
                       previous       new   previous         new
                       forecast  forecast   forecast    forecast
 Consumer inflation        6.45      6.45       6.30        6.32
 Exchange rate             2.40      2.45       2.50        2.55
 (reais per U.S                                       
 dollar, end-period)                                  
 Interest rate            11.00     11.00      11.50       12.00
 GDP growth                0.27      0.24       1.00        1.00
 Industrial output        -2.24     -2.17       1.42        1.42
 (Reporting by Silvio Cascione Editing by W Simon)