China News Agency, Sao Paulo, October 3 (Reporter Mo Chengxiong) According to the latest "Focus Report" released by the Central Bank of Brazil on the 3rd local time, Brazilian financial market analysts raised the country's economic growth forecast for this year and next to 2.7% and 0.53%. %, compared with last week's forecasts for growth of 2.67% and 0.5%.
According to the report, analysts also lowered Brazil's inflation forecast for this year to 5.74% from 5.88% last week, and kept inflation forecast for next year unchanged at 5%.
Both inflation figures were higher than the median inflation rate target set by the Brazilian government for this year and next of 3.5% and 3.25%.
For the benchmark interest rate, analysts believe that by the end of this year, Brazil's benchmark interest rate will remain unchanged at the current 13.75%.
However, the benchmark rate will be cut to 11.25% by the end of next year.
As for the exchange rate, analysts predict that the Brazilian real will trade at last week's forecast of 5.2 to the U.S. dollar by the end of this year, and will remain unchanged by the end of next year.
In terms of foreign trade, analysts predict that Brazil's foreign trade surplus will fall to $61.5 billion this year, from last week's forecast of $62 billion.
And next year's foreign trade surplus will maintain last week's forecast of about 60 billion US dollars.
Analysts also forecast that Brazil's foreign direct investment will rise to $65 billion this year, up from last week's forecast of $61 billion.
And next year's foreign direct investment will remain at last week's forecast of $65 billion.
The "Focus Report" is a macroeconomic forecast report published by the Central Bank of Brazil.
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