Published on Friday, June 26, 2015
LatAm Daily | Brazil reduces 2017’s inflation target range to help to anchor expectations
Summary
The decision taken to narrow the tolerance range from 2pp to 1.5 pp while maintaining the 4.5% target for 2017 reinforces the BCB’s commitment to bring down inflation. Meanwhile, unemployment increased to 6.7% while employment remained unchanged. We expect private consumption to contribute negatively to GDP growth in 2Q15
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- Latin America
- Brazil
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Authors
CP
Cecilia Posadas
BBVA Research - Principal Economist
ED
Enestor Dos Santos
BBVA Research - Principal Economist
JS
Jorge Selaive
JT
Juana Téllez
BBVA Research - Chief Economist
CS
Carlos Serrano
BBVA Research - Chief Economist
HP
Hugo Perea
BBVA Research - Chief Economist
AF
Alejandro Faci