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BCB Raises 2021 Inflation Forecast To 8.5%

BRAZIL
  • In its new quarterly inflation report, the BCB raised its 2021 and 2022 inflation forecasts to 8.5% and 3.7%, respectively, up from 5.8% and 3.5% previously.
  • The BCB also expects GDP growth to rise by 4.7% this year (vs. 4.6% previously) and by 2.1% in 2022.
  • Current account deficit is estimated to be of 21bn USD in 2021, and FDI at 55bn USD.

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