BRASILIA, Jan 12 (XINHUA/APP): Brazilian financial analysts slightly upgraded their 2021 growth forecast, from a 3.4 percent to 3.41 percent expansion in the gross domestic product (GDP), after modifying the estimated contraction for 2020 from 4.36 to 4.37 percent, the Central Bank of Brazil said Tuesday.
According to the bank’s weekly survey of the country’s top financial institutions, the analysts also raised estimated inflation for 2021 from 3.32 percent to 3.34 percent.
The forecast inflation falls within the government’s target goal of 3.75 percent in 2021, with a 1.5-percent margin of tolerance.
Regarding the benchmark interest rate, currently at 2 percent annually, the analysts adjusted their forecast from 3 percent to 3.25 percent by the end of 2021.
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