Brazil 2017 inflation forecast falls for 6th week -poll

lunes 16 de mayo de 2016 07:44 GYT
 

BRASILIA, May 16 (Reuters) - Economists cut their forecasts
for Brazil's 2017 inflation rate for a sixth straight week,
bringing it closer to the center of the official target, a
central bank survey showed on Monday,  raising the likelihood of
interest rate cuts over the next year.
    The median expectation of about 100 economists in the
central bank poll for next year's inflation rate fell to 5.50
percent from 5.62 percent in the prior week's survey. The
official target is 4.5 percent, a goal last achieved in August
2010.    
        
 (pct)                2016                 2017      
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   7.00       7.00      5.62      5.50
 Exchange rate        3.70       3.70      3.90      3.90
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate        13.00      13.00     11.75     11.50
 (end-period)                                        
 GDP growth           -3.86      -3.88     0.50      0.50
 Industrial output    -5.95      -5.85     0.74      0.74
 
 (Reporting by Silvio Cascione Editing by W Simon)