Experts consulted by the Central Bank raised the projection for inflation this year for the seventh consecutive time, moving further away from the ceiling of the target, according to the Focus survey released this Monday (30).
The survey, which captures the market’s perception of economic indicators, pointed out that the expectation for the IPCA rise in 2023 rose to 5.74%, from 5.48% before.
The movement takes place in the wake of an increase in the prospect of high prices for managed prices this year, now calculated at 8.39%, against 7.25% in the previous survey.
For 2024 the account for the IPCA also rose, for the second week in a row, going to 3.90% from 3.84% before.
The center of the official target for inflation in 2023 is 3.25% and for 2024 it is 3.00%, always with a tolerance margin of plus or minus 1.5 percentage points.
For the Gross Domestic Product (GDP), the growth estimate in 2023 improved by 0.01 percentage point, to 0.80%, it was maintained at 1.50% for 2024.
The weekly survey of a hundred economists also showed that, despite the prospect of greater inflationary pressure, there were no changes in the estimates that the basic Selic interest rate will end this year at 12.50% and the next at 9.50%.
The BC’s Monetary Policy Committee (Copom) meets this week and is expected to announce on Wednesday that the Selic rate will remain at the current level of 13.75%.
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