The market sees inflation of 8,2% and a GDP contraction of 1,01%.
The estimate is in the Focus bulletin published weekly by the Central Bank; the result of economic growth will occur, according to the bulletin, due to the projected 2,64% contraction in industrial production.
Daniel Lima - Reporter for Agência Brasil
Investors and financial market analysts are already estimating inflation of 8,2% for 2015, according to the Broad Consumer Price Index (IPCA). The IPCA is calculated monthly by the Brazilian Institute of Geography and Statistics (IBGE) to reflect price variations in retail for the general public.
The estimate is in the Focus bulletin released weekly by the Central Bank. The projection for economic growth also remains pessimistic. The new expectation is a contraction of 1,01%. This result will occur, according to the bulletin, due to the expected contraction of 2,64% in industrial production.
The estimated exchange rate for December 2015 will be R$ 3,25. The basic interest rate of the economy (Selic), projected for the same period, was maintained at 13,25% per year. Prices administered, fixed, or controlled by the government, such as gasoline and electricity, will have a 13% readjustment according to the financial market's perspective.
In the external sector, the estimate for the current account deficit improved: it rose to US$77 billion, with the improved projection for the trade balance surplus, now at US$4,02 billion. Expected foreign direct investment will reach US$56 billion.