The projection of this year's Broad Consumer Price Index (IPCA), was raised by the financial market. According to the results published today (09/24), by the Central Bank (BC) through the Focus bulletin, the estimate rose 0.19 percentage points, jumping from 4.09% to 4.28%.

Given the data presented by the CB, the indicator approached the target of 4.50%, set by the National Monetary Council (MCN).

The expectation for the IPCA also increased to 2019, from 4.11% to 4.18%, as recorded by the Focus bulletin. 

The estimate for the Gross Domestic Product (GDP) fell from 1.36% to 1.35%, adding up to the fifth consecutive week of decline. However, for the next three years, the assessment is of economic growth that remains at 2.5%. Another rate that has been maintained is the basic interest rate, Selic. Even after the meeting of the Monetary Policy Committee (Copom - Comitê de Política Monetária) that happened last week, the Selic remained at 6.5%.

SOURCE: Agência Brasil