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Economic Policy Secretary Confident Of Inflation Convergence To Target

BRAZIL
  • Brazil economic policy secretary Mello says there is a significant increase in the chance of inflation ending this year within the upper limit of the inflation target band
  • Brazil’s Mello says we are in a very comfortable scenario for inflation against developed and Latin American countries - Reuters News
  • According to Finance Ministry’s Macrofiscal Bulletin released today, the 2023 GDP Estimate has been raised to +2.5% from +1.9%. The estimate for GDP growth in 2024 was maintained at 2.3% by Brazilian economic team.
    • CPI forecast for 2023 was reduced to 4.85% from 5.58%
    • Estimate for CPI 2024 was also reduced to 3.3% from 3.63%

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