Brazil's 2016 inflation view rises in poll for 5th week

lunes 20 de junio de 2016 07:48 GYT

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
 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)