Brazil's inflation rate seen at target ceiling at end-2016 - poll

lunes 9 de noviembre de 2015 06:37 GYT
 

BRASILIA, Nov 9 (Reuters) - Economists revised up their
forecasts for Brazil's end-2016 inflation rate for a 14th
straight week, projecting it now at the top end of the
government's target, a weekly central bank survey showed on
Monday.
    The median of about 100 estimates by banks and research
firms forecast Brazil's inflation at 9.99 percent at end-2015
and 6.47 percent at end-2016. The official target is 4.5
percent, with a tolerance range of 2 percentage points.
    Estimates for economic growth this and next year were
revised down in the poll.
    
       
 (pct)                               2015                2016
                       previous       new  previous       new
                       forecast  forecast  forecast  forecast
 Consumer inflation        9.91      9.99      6.29      6.47
 Exchange rate             4.00      4.00      4.20      4.20
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate            14.25     14.25     13.00     13.25
 (end-period)                                        
 GDP growth               -3.05     -3.10     -1.51     -1.90
 Industrial output        -7.00     -7.40     -2.00     -2.00
 
 (Reporting by Silvio Cascione)