Jan 19, 2011
| Last Updated
Economic Expectations
The latest central bank Focus report, released on January 17, highlighted further deterioration in IPCA inflation expectations for year-end 2011 by eight basis points (bps) to 5.42% and for the next 12 months by 12 bps to 5.47%. Meanwhile, forecasts for Brazil’s broadest inflation index—IGP-M— for year-end 2011 move higher by seven basis points to 5.60% from a week ago and for the next 12 months increased by two basis points to 5.57%. IPCA and IGP-M inflation expectations for year-end 2012 remain at 4.5%. All forecasts—except for 2012—are above the[...]
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