Clipping of news on Brazilian Culture, Law and Citizenship
01/05/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Analysts polled for the Focus believe that Central Bank will raise the Selic by 0.5 pp in their first meeting. Goal is to curb inflation, which should accelerate
Inflation should continue haunting consumers in 2015 (AFP / SEE)
Financial market analysts ears to the Focus report estimate that the basic interest rate, Selic, will rise 0.5 percentage point (pp) at the next meeting of the Monetary Policy Committee (Copom) of the Central Bank (BC), scheduled for day 20 and 21 January. Currently, the Selic is at 11.75% per year. For economists, over 2015, the base rate should record advance of 0.75 pp and close the year at 12.50%.
The concern of BC, according to the market, it is with inflation. In the first 2015 Focus report, the median forecast points to a National Index of Consumer Price (IPCA) of 6.56% at the end of the year, higher than the forecast of the latest survey, 6.53%. For 2014 the estimate had slight adjustment, from 6.38% to 6.39%. Inflation last year will be known on Friday, when the IBGE will release the IPCA in December. The official inflation target is 4.5%, ranging at least up to 2.5% and a maximum of up to 6.5%.
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The year has changed, but following weak market projections for gross domestic product (GDP) in 2014 and 2015 also showed the Focus. Median expectations for Brazil's growth last year is 0.15% from the previous projection of high 0.14% document. The prospect of analysts is that there will be resumption of activity this year, but with less force. The estimate for 2015 increased from 0.55% last week to 0.50% now. Four weeks earlier, however, the projection for 2015 was 0.73%.
Industrial production is the main sector responsible for the forecasts for GDP in 2014 and 2015. In Focus newsletter, market estimates for the manufacturing sector are falling 2.49% to last year, the same as the previous survey. For 2015, the forecast is for growth in the home of 1.04%, a rate slightly higher than that seen in the previous survey (1.02%), but lower than the rate of 1.23% a month ago.
(With Estadão Content and Reuters)
Source: View Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.