TABLE-Brazil seen raising interest rates to 12 pct next year -poll
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 week. 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 (end-period) 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)
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