Brazil analysts raised their estimate for inflation next year for the eighth straight week on expectations of a weaker real in 2015.
Inflation next year will reach 5.87 percent, up from the previous estimate of 5.7 percent, according to the Sept. 25 central bank survey of about 100 analysts. The analysts predicted that the benchmark Selic rate at year-end 2016 will be 12.5 percent, up from 12.25 percent the previous week.
President Dilma Rousseff on Saturday said she was extremely concerned about companies that have debt in dollars and that the country has “sufficient reserves to avoid any problems in relation to disruptions because of the real.”
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