Brazil economists lower forecast for 2023 inflation -Reuters poll

Private economists in Brazil have lowered their expectation for the country’s inflation index, with a new central bank survey on Monday showing they now forecast it to hit 5.80% at the end of this year.

The new median forecast comes down from 6.03% in the previous week and might ease some concern from policymakers, who have highlighted rising inflation expectations as one of the reasons for high interest rates in the country.

Finance Minister Fernando Haddad told reporters after the poll was released that market forecasts were now “in line” with projections from the ministry’s economic policy secretariat.

Via Reuters

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