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Focus Survey Sees 2022 CPI Forecast at 7.65% from 7.46%

BRAZIL

Central bank publishes results of weekly economists’ survey on website for the week ending April 22:

  • 2022 yr-end inflation raised to 7.65% from 7.46%
  • 2023 yr-end inflation raised to 4.00% from 3.91%
  • 2022 GDP raised to 0.65% from 0.56%
  • 2023 GDP cut to 1.00% from 1.12%
  • 2022 yr-end exchange rate lowered to 5.00 from 5.10 BRL/USD
  • 2022 yr-end Selic rate raised to 13.25% from 13.05%
  • 2023 yr-end Selic rate held at 9.00% (All BBG)

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