Bloomberg News

Brazil Inflation to Decline to 5% at Year-End, Santander Says

February 14, 2012

Feb. 13 (Bloomberg) -- Brazilian inflation is likely to fall to 5 percent by the end of this year, before increasing to 6 percent at the end of 2013, Banco Santander SA analysts including Mauricio Molan wrote in a report today.

Brazil’s benchmark Selic interest rate will probably be reduced to 9.5 percent in April and remain at that level until at least the end of 2013, according to the analysts.

Santander had previously forecast inflation of 5.5 percent at the end of 2012.

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Telma Marotto at tmarotto1@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus