Brazil's 2016 inflation view falls for third straight week: poll

Send a link to a friend  Share

[March 28, 2016]  BRASILIA (Reuters) - Economists cut their forecasts for Brazil's 2016 inflation rate for a third straight week after a recent strengthening of the exchange rate against the U.S. dollar, a weekly central bank survey of economists showed on Monday.

The median forecast of about 100 economists polled by the central bank projected the inflation rate at 7.31 percent at the end of 2016, down from 7.43 percent in the prior week's survey but still above the official 4.5 percent target.

The median forecast for the exchange rate at end-2016 strengthened for a sixth straight week to 4.15 reais per dollar.

(Reporting by Silvio Cascione; Editing by Chizu Nomiyama)

[ 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Back to top