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Brazil government raises 2021 inflation forecast to 4.4%

Brazil government raises 2021 inflation forecast to 4.4%

· 03/17/2021 08:34
Brazil government raises 2021 inflation forecast to 4.4%

- Brazil's economy ministry on Wednesday raised its inflation outlook for this year to 4.4% from 3.1% previously, well above the central bank's year-end target of 3.75%.

In a presentation covering the broad macroeconomic outlook, the ministry maintained its 2021 and 2022 economic growth forecasts at 3.2% and 2.5%, respectively.


(Reporting by Jamie McGeever and Isabel Versiani; Editing by Andrew Heavens)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))