Energy nationalism in neighbors costs Brazil-report
10 de setembro de 2010Lei que moderniza tramitação do agravo de instrumento é sancionada
14 de setembro de 2010Brazil’s central bank will need to raise interest rates more than previously forecast in 2011, as economist see accelerating inflation next year.
Economists covering the Brazilian economy expect policy makers to raise the benchmark Selic rate to 11.75 percent by December 2011, up from a week-earlier forecast of 11.50 percent, according to a Sept. 10 central bank survey of about 100 economists published today.
Consumer prices will exceed the government’s 4.5 percent target this year and next, prompting policy makers to resume rate increases in March, the survey shows. The central bank held borrowing costs at 10.75 percent on Sept. 1, saying that rates were “adequate” to bring inflation down to its target.
Economists raised their 2011 year-end forecast to 4.9 percent, up from their week earlier forecast of 4.85 percent. The economists see 12-month inflation at 5.06%, the survey found.
The real rose as much as 0.4 percent to 1.7153 per dollar, the currency’s strongest level in nine months. At 8:28 a.m. New York time, it exchanged hands at 1.7163, a 0.3 percent gain.
