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As expected, Banxico lowered its real GDP growth forecast for 2014 with a new range of 2.3% to 3.3%

Published on Thursday, May 22, 2014

As expected, Banxico lowered its real GDP growth forecast for 2014 with a new range of 2.3% to 3.3%

The adjustment was somewhat larger than anticipated, while the inflation outlook remained unchanged. The reduction in food inflation was the main factor behind the fall in Brazil’s IPCA-15, however in annual terms inflation rose to 6.3% YoY.

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