Specialists started to see inflation at the target ceiling in 2022, in a scenario of still worsening expectations for growth, according to the Focus survey released by the Central Bank this Monday (29).
The survey carried out with a hundred economists shows that the projection for an increase in the IPCA this year and the next continued to rise. For 2021 the bill increased for the 34th week in a row and was up 10.15% from 10.12% before, well above the target of 3.75% with a tolerance margin of 1.5 percentage points or so.
For 2022, the account increased by 0.04 point and reached 5.0%, exactly the ceiling of the target, as this will be 3.5% next year, also with a margin of 1.5 point. It was the 19th time in a row that the projection increased.
The continued deterioration of inflation prospects comes amid increasingly weaker projections for the economy. According to the weekly survey, the Gross Domestic Product (GDP) should grow 4.78% this year and 0.58% next year, at rates of 4.80% and 0.70% expected before.
The weekly survey with a hundred economists also showed that the basic interest rate should be raised by 1.5 percentage points at the BC’s December meeting and end this year at 9.25%. But the Selic, currently at 7.75%, should reach the end of 2022 at 11.25%, without change.
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