Clipping of news on Brazilian Culture, Law and Citizenship
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The reduction in the pace of economic activity to ensure a low growth rate for Brazil in 2009, which should also open up space for a more pronounced reduction of the base rate of interest, analysts pointed to research published this week Monday.
According to the survey done by the Central Bank with analysts and companies in the country, the economy should grow 2% this year, below the 2.40% estimated in the previous search.
For 2010, analysts bet on a rise of 3.80%. This was the first established by the BC to forecast the behavior of the Brazilian economy next year.
For inflation, the analysts maintain the bet that the National Index of Consumer Prices Wide (IPCA) close the year with a high of 5.0%, decelerating to 4.5% in 2010.
This scenario will ensure a greater cut of the Selic rate at BC this year, which will lead the Brazilian base interest rate to 11.75% in December. Currently, the Selic at 13.75%. For 2010, the estimate is that the basic rate closed the year at 11.25%.
Source: Reuters
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This article was translated by an automatic translation system, and was therefore not reviewed by people.