Economists cut Brazil's 2016 and 2017 inflation forecasts - poll

lunes 4 de julio de 2016 07:36 GYT
 

BRASILIA, July 4 (Reuters) - Economists cut their forecasts
for Brazil's inflation rate in 2016 and 2017 in a weekly central
bank poll on Monday, moving them closer to the center of the
official target.
    The median forecast of about 100 analysts in the bank's poll
projected inflation at 7.27 and 5.43 percent in 2016 and 2017,
still above the 4.5 percent target. Expectations of interest
rate cuts later this year and in 2017 remained unchanged.
    
 (pct)                2016                 2017      
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   7.29       7.27      5.50      5.43
 Exchange rate        3.60       3.46      3.80      3.70
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate        13.25      13.25     11.00     11.00
 (end-period)                                        
 GDP growth           -3.44      -3.35     1.00      1.00
 Industrial output    -5.89      -5.90     0.80      0.90
 
 (Reporting by Silvio Cascione; Editing by James Dalgleish)