Financial market raises GDP expansion from 4.85% to 5%

Coingoback" srcset="https://cointimes.com.br/wp-content/uploads/2021/06/Banner-Coingoback-700x150-1.jpg 700w, https://cointimes.com.br/wp-content/ uploads/2021/06/Banner-Coingoback-700x150-1-300x64.jpg 300w, https://cointimes.com.br/wp-content/uploads/2021/06/Banner-Coingoback-700x150-1-150x32.jpg 150w, https://cointimes.com.br/wp-content/uploads/2021/06/Banner-Coingoback-700x150-1-585x125.jpg 585w" data-sizes="(max-width: 700px) 100vw, 700px " width="700" height="150" style="display: inline-block;"/>Based on consultations with financial institutions, the Central Bank raised the domestic product expansion projection from 4.85% to 5% Gross (GDP), which is the sum of all goods and services produced in the country, for 2021. Estimates are in yesterday's Focus bulletin (21), released weekly by the BC, with the projection for the main economic indicators. and 2024, the financial market is projected to expand GDP by 2.50%. For 2022, there was a decline in expectations, with a growth annual year lower than projected a week ago. The projection dropped from 2.2% to 2.1%.

<hr data-lazy-src=


financial market: inflation

The financial market forecast for the Extended National Consumer Price Index (IPCA) this year rose from 5.82% to 5.90%. For 2022, the inflation estimate remained at 3.78%. For both 2023 and 2024, the forecast for the index remains at 3.25%. The estimate for 2021 exceeds the limit of the inflation target that should be pursued by the BC. The center of the target, defined by the National Monetary Council, is 3.75%, with a tolerance interval of 1.5 percentage points upwards or downwards. That is, the lower limit is 2.25% and the upper limit is 5.25%. The center of the inflation target for 2022 is 3.50% and for 2023, 3.25%, with a tolerance interval of 1. 5 percentage point for two years. Click here if you are already an investor

Interest rate

The main instrument used by the BC to achieve the inflation target is the basic interest rate (Selic), which is set by the Monetary Policy Committee (Copom). The forecast of financial institutions for the Selic in 2021 registered high, going from the 6.25% forecast a week ago to 6.50%, according to this week's Focus bulletin. The same index is expected for 2022, 2023 and 2024.

Exchange

With regard to the value of the dollar, market expectations for the value of the US currency are lower than last week, from R$ 5.18 to R$ 5.10. For the next three years, the projection is stable, at R$ 5.20 for 2022; at BRL 5.10 for 2023 and at BRL 5 for 2024. (Ag. Brasil).Buy and sell Bitcoin and other cryptocurrencies at Coinext
The complete brokerage to invest safely and conveniently in the most traded cryptocurrencies in the world.
Sign up and see how simple it is, go to: https://coinext.com.br

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply

Your email address will not be published. Required fields are marked *