UPDATE 1-Brazil government raises 2021 inflation forecast to 4.4%
BRASILIA, March 17 (Reuters) – Brazil’s economy ministry raised its inflation outlook for this year to 4.4% on Wednesday, the same day the central bank is widely expected to raise interest rates for the first time in six years to combat the strong buildup in price pressures.
That is up sharply from the ministry’s previous forecast of 3.2% in November and well above the central bank’s year-end target of 3.75%. It is lower, however, than what many economists are projecting.
By Jamie McGeever via Yahoo Finance