For Traders

Analytical Reviews

News

07.12.201817:56 Forex Analysis & Reviews: Consumer prices in Brazil fell another 0.21%

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.