Roads, ports emerge as key Brazil vote issues
19 de março de 2010Novo serviço oferecido no site do STF facilita
23 de março de 2010Analysts covering Brazil’s economy raised their 2011 consumer price forecast for a second straight week after policy makers kept the benchmark interest rate unchanged March 17.
Consumer prices will rise 4.70 percent next year, compared with a week-earlier call of 4.60 percent, according to the median forecast in a March 19 central bank survey published today. Inflation will quicken to 5.10 percent this year, up from a week earlier forecast of 5.03 percent, the survey shows.
Economists expect policy makers to raise the benchmark rate to 9.25 percent in April, the first increase since September 2008, to rein in prices. The central bank targets inflation of 4.5 percent, plus or minus two percentage points.
The central bank last week kept the Selic rate unchanged for a fifth straight meeting at record low 8.75 percent, surprising 30 of 57 analysts surveyed by Bloomberg who forecast at least a quarter-point increase.
The yield on the interest-rate future contract due January 2012, the most traded on Sao Paulo’s BM&F exchange, rose four basis points, or 0.04 percentage point, to 11.69 percent at 8:08 a.m. New York time from 11.65 percent on March 19.
