December 19, 2019 / 12:02 PM / 8 months ago

Brazil c.bank ups 2020 GDP growth forecast to 2.2% -inflation report

BRASILIA, Dec 19 (Reuters) - Brazil’s central bank on Thursday raised its 2020 gross domestic product (GDP) growth forecast to 2.2% in its quarterly inflation report from 1.8% previously.

The bank held the inflation outlook stable with a forecast of 3.5% inflation for 2020 and 3.4% for 2021 based on the market outlook for interest rates and the foreign exchange. (Reporting by Marcela Ayers and Jake Spring; editing by Jason Neely)

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