Brazil inflation to breach target ceiling in 2015 -poll
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 forecast. (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 (end-period) 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)
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