Economics
Brazil Central Bank More Upbeat Than Economists on 2022 Growth
- Bank sees economy expanding 2.1% next year, markets sees 1.57%
- Inflation expectations were kept unchanged from latest minutes
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Brazil’s central bank is more optimistic than economists about next year’s growth forecasts but didn’t change expectations for consumer prices in its quarterly inflation report.
Policy makers raised projections for 2021 gross domestic product to 4.7% from prior 4.6% and now forecast 2.1% growth next year, according to their quarterly inflation report released on Thursday. Economists surveyed by the bank sees GDP expanding 5.04% this year and 1.57% for next.