22 de diciembre de 2016 / 10:54 / hace 8 meses

Brazil cenbank reduces growth forecast, signals heftier rate cut

BRASILIA, Dec 22 (Reuters) - Brazil's central bank cuts its 2017 economic growth estimate and sees inflation remaining low in the next two years, signaling policymakers are ready to step up monetary easing to pull the economy out its worst recession on memory.

In its quarterly inflation report released on Thursday, the bank lowered its economic growth forecast to 0.8 percent from 1.3 percent for 2017. It kept its 2017 and 2018 inflation baseline scenario forecasts at 4.4 percent and 3.6 percent respectively, below the official target of 4.5 percent. (Reporting by Silvio Cascione and Alonso Soto; Editing by Alison Williams)

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