Brazil Analysts Improve CPI Outlook for Third week

title=Yields of Brazil Bonds Yields of Brazil Bonds.

Plan makers meeting July 20-21 will raise the overnight rate for a third consecutive time by .75 percentage place in a bid to slow an economic expansion that is stoking rising cost of living, according to all 26 economists surveyed by Bloomberg. title=yields brazil bonds The yield on interest-rate future contract maturing in January, the most traded is Sao Paulo, rose .02 percentage stage, or a couple of basis points, to 11.08 pct at 11:28 a.m. Lower Forecasts

Inflation didn't slow sufficient to enable economists to reduce their rising cost of living pace predicted for the twelve months ahead, which is the major concern of the central financial institution, Latif stated. "I assume the 12-month rising cost of living outlook to relieve, but it isn't happening yet."

New York time. Consumer price ranges will boost 4.96 % in the up coming twelve months, in comparison with a prior outlook of 4.9 pct, according to the median outlook in a July 16 central financial institution questionnaire of about 100 economists published nowadays. Analysts covering the Brazilian economic climate raised their twelve-month the cost of living outlook for a 3rd straight week, cementing expectations that the central lender will increase the benchmark interest price to 11 pct this week.

Source: [http;//brasilstocks.com title=brazil bonds and stocks Brazil Bond and Stock Market News]"Seeking at the figures, I see no purpose for plan makers to relieve the pace of interest rate increases," Zeina Latif, chief economist at ING Financial institution NV in Sao Paulo, explained in a mobile phone interview.

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