Brazil's 2016 inflation view rises in poll for 5th week
BRASILIA, June 20 (Reuters) - Forecasts for Brazil's 2016 inflation rate rose for the fifth straight week in a central bank poll of economists, suggesting an increasing likelihood that policymakers will miss their target for the second consecutive year despite high interest rates. Estimates for the economic contraction this year were also reduced for the fifth week in a row, according to the median forecast of about 100 analysts in the survey. The official inflation target is 4.5 percent, with a tolerance margin of plus or minus two percentage points. (pct) 2016 2017 previous new previous new forecast forecast forecast forecast Consumer inflation 7.19 7.25 5.50 5.50 Exchange rate 3.65 3.60 3.81 3.80 (reais per U.S dollar, end-period) Interest rate 13.00 13.00 11.25 11.25 (end-period) GDP growth -3.60 -3.44 1.00 1.00 Industrial output -5.87 -5.85 0.80 0.67 (Reporting by Silvio Cascione; Editing by Lisa Von Ahn)
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