Brazil 2016 inflation outlook falls to 7.21 pct -cenbank poll

lunes 25 de julio de 2016 07:42 GYT
 

RIO DE JANEIRO, July 25 (Reuters) - The outlook for consumer price inflation in Brazil this year fell to 7.21 percent from 7.26 percent as a recession and high interest rates continued to crimp demand, a weekly central bank survey of about economists showed on Monday.

The survey also said the outlook for 2017 inflation fell to 5.29 percent from 5.30 percent and that economists expect Brazil's economy to contract 3.27 percent in 2016 compared with a week-ago estimate of a 3.25 percent drop.

The year-end 2016 outlook for Brazil's benchmark Selic interest rate remained the same at 13.25 percent. (Reporting by Jeb Blount Editing by W Simon)