Brazil inflation to breach target ceiling in 2015 -poll

lunes 29 de diciembre de 2014 07:09 GYT

SAO PAULO, Dec 29 (Reuters) - Economists are sticking two
their forecasts that consumer  inflation in Brazil will exceed
the central bank's target in 2015, a weekly central bank survey
showed on Monday.
    Consumer prices are expected to rise 6.53 percent next year,
slightly slower than the 6.54 percent forecast a week ago but
still outside of the official ceiling of 6.50 percent, under
which the central bank is required to keep inflation.
    Meanwhile, Brazil's economy is forecast to grow at a meager
0.55 percent in 2015, unchanged from the previous week's median
forecast in a survey of about 100 financial institutions.
    Economists see the central bank's benchmark Selic rate
ending next year at 12.50 percent, unchanged from last week's
 (pct)                2014                 2015
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   6.38       6.38      6.54      6.53
 Exchange rate        2.65       2.65      2.75      2.80
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate        11.50      11.50     12.50     12.50
 GDP growth           0.14       0.13      0.55      0.55
 Industrial output    -2.49      -2.50     1.02      1.02
 (Reporting by Reese Ewing Editing by W Simon)