LatAm Daily | Brazil reduces 2017’s inflation target range to help to anchor expectations
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
Geographies
- Geography Tags
- Latin America
- Brazil
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci