Brazil's 2016 inflation forecasts rise slightly in survey

lunes 7 de marzo de 2016 07:39 GYT
 

BRASILIA, March 7 (Reuters) - Inflation expectations in
Brazil held up far above the government's target range last
week, limiting the room for possible interest rate cuts despite
the recession, a weekly central bank survey showed on Monday.
    Forecasts for Brazil's 2016 inflation rate rose slightly to
7.59 percent from 7.57 percent in the prior week's survey, above
the 6.5 percent ceiling of the official target range.
    Expectations for Brazil's economic growth in 2016 and 2017
remained unchanged, projecting only a meagre recovery next year
after a second straight year of sharp contraction in 2016.
    
 (pct)                2016                 2017
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   7.57       7.59      6.00      6.00
 Exchange rate        4.35       4.30      4.40      4.40
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate        14.25      14.25     12.50     12.50
 (end-period)                                        
 GDP growth           -3.45      -3.50     0.50      0.50
 Industrial output    -4.50      -4.50     0.80      0.57
 
    
 (Reporting by Silvio Cascione; Editing by Alison Williams)