empty
 
 
07.12.2018 05:56 PM
Consumer prices in Brazil fell another 0.21%

This image is no longer relevant

The level of consumer prices in November in Brazil fell by 0.21% compared with the previous month, to a maximum of 1.5 years, while analysts predicted a decline of only 0.09%.

The rate of inflation in annual terms last month decreased from 4.56% to 4.05%.

Experts believe that the deflationary trend will continue, and by the end of the year, the inflation rate will be about 60 basis points lower than the target 4.5%.

Since March 2018, the Central Bank of Brazil has kept its benchmark interest rates at a record low of 6.5% amid deflation, while investors are lowering their expectations for tightening monetary policy in 2019.

Brazil's central bank forecasts a country's GDP growth of 1.39% in 2018 and 2.5% in 2019.

Roman Agafonov,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback