Brazil Central Bank Sees Faster Growth and Inflation
30 de junho de 2010Kenya, Brazil Trade ‘Lags Possibilities,’ President Lula Says
6 de julho de 2010Brazilian policy makers will raise the benchmark interest rate to 12.13 percent, up from a week- earlier forecast of 12 percent, according to the median forecast in a July 2 central bank survey of about 100 economists.
Economists also raised their inflation forecast for the next 12 months to 4.86 percent from 4.82 percent, the survey published today showed. The central bank targets inflation of 4.5 percent plus or minus two percentage points.
Economists left unchanged their forecast for inflation reaching 5.55 percent by year-end and slowing to 4.8 percent by the end of 2011, the survey showed. Latin America’s biggest economy may expand 7.2 percent this year, faster than a 7.13 percent forecast a week ago.
Policy makers may raise the Selic rate to 11 percent this month, after increasing borrowing costs in their last two meetings to 10.25 percent from a record low 8.75 percent in March, the survey showed.
