Economists cut Brazil 2016 inflation, rate forecasts -poll

lunes 17 de octubre de 2016 07:04 GYT

BRASILIA, Oct 17 (Reuters) - Economists cut their forecasts
for inflation and interest rates in Brazil this year, ahead of a
central bank meeting on Wednesday which could cut rates, a
weekly central bank survey showed on Monday.
    A Reuters poll last week showed most economists expect the 
bank's monetary policy committee to reduce its benchmark Selic
rate, but they are split on the size of the move. The Selic rate
is currently at 14.25 percent, a decade high.
    Main forecasts in central bank survey:
 (pct)                2016                 2017      
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   7.04       7.01      5.06      5.04
 Exchange rate        3.25       3.25      3.40      3.40
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate        13.75      13.50     11.00     11.00
 GDP growth           -3.15      -3.19     1.30      1.30
 Industrial output    -5.96      -6.00     1.11      1.11

 (Reporting by Silvio Cascione Editing by; W Simon)