by Camila Moreira
SAO PAULO (Reuters) – Expectations for inflation in the Focus survey released by the Central Bank on Monday increased both for this year and next, but the scenario for monetary policy remained unchanged.
The weekly survey showed that the estimate for the rise in the IPCA rose to 5.09% in 2022 and 3.40% in 2023, from 5.03% and 3.36%, respectively, in the previous week.
Both results are above the center of the target, which is 3.5% for this year and 3.25% for 2023, always with a margin of tolerance of more or less 1.5 percentage points.
For the Gross Domestic Product (GDP), the growth estimate this year was adjusted by 0.01 percentage point upwards, to 0.29%, but it improved more for 2023. The expectation is now for growth of 1.75% in the next year, from 1.70% earlier.
The weekly survey of a hundred economists also showed that the basic interest rate should end this year at 11.75% and the next year at 8.0%, unchanged. Currently the Selic is at 9.25%.
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