Reduces market expectation for the 7% in 2019 Selic

The prospect of the market for the basic interest rate in 2019 was reduced for the third week in a row, against a backdrop of inflation contained and after the Central Bank played to an indeterminate future possible monetary tightening early. Economists polled in the Survey Focus of BC disclosed on Monday began to view the Selic to 7% at the end of this year, of 7,13% in the median of projections of the previous survey. For 2020, the prospect remains of prime rate ending the year at 8%. Already the Top-5, the group that more hit forecasts, still sees that the Selic will remain in 6,5% history — floor level as is currently — along of 2019. The BC failed to mention the possibility of a possible early us interest rates tightening, playing to an indeterminate future a high of Selic by tracing a favourable framework for inflation, though still warn that intense upward risks for the IPCA follow on radar. The Focus showed that economists still see that the IPCA ended with high 3,69% 2018, without changing your projection. For 2019 also remains the inflation calculation 4, 1%. The official goal of 2018 Centre is 4,50% and for 2019, 4,25%. The margin of tolerance for both years is 1.5 percentage point more or less. In relation to gross domestic product (GDP), the weekly survey with a hundred economists shows that growth last year continued to be calculated in 1,30%, but this year there was a reduction of 0.02 percentage point, to 2,53%.