Economists expect inflation to dip below 4.0% in 2017, while forecast GDP increases to 0.50% – Focus Report

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Economists surveyed by the Central Bank of Brazil cut inflation forecasts below 4% for the first time this year. Continue reading “Economists expect inflation to dip below 4.0% in 2017, while forecast GDP increases to 0.50% – Focus Report”

Inflation to end the year at 4.04% in Brazil – Focus Report

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Brazilian financial analysts surveyed by the Central Bank of Brazil reduced their expectations for the Broad Consumer Price Index in 2017. Continue reading “Inflation to end the year at 4.04% in Brazil – Focus Report”

Brazilian analysts reduce inflation projections for 2017 and 2018 – Focus Report

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The Central Bank’s Focus Report reduced both expectations for inflation and GDP while the forecast for rate cuts remain constant. Continue reading “Brazilian analysts reduce inflation projections for 2017 and 2018 – Focus Report”

The market expects interest rates to fall to 8.75% by the end of the year, Focus Report reveals

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The financial market estimates IPCA inflation below 4.5% and higher cuts to the basic interest rate, the Central Bank of Brazil’s Focus Bulletin disclosed. Continue reading “The market expects interest rates to fall to 8.75% by the end of the year, Focus Report reveals”

The Brazilian long-term lending rate (TJLP) is reduced to 7% and given new method of calculation 

Brazilian President Michel Temer approved a new system for the calculation of the Long-Term Interest Rate (TJLP), at an extraordinary meeting of the National Monetary Council (CMN). The Council also decided to cut the TJLP from 7.5% to 7% per annum, a percentage that will run from April 1 to June 30.