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.
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