Beverly Hills 12/16/2009 3:01:30 AM
News / Business

Brazil GDP, Inflation and Interest Rates Expected to Rise in 2010

Finance World News Update by EQUITIES Magazine

Brazil’s Central Bank polled financial experts, publishing the results in the Focus Bulletin that the Brazilian economy is expected to expand 0.21 percent with a 5% expansion rate forecast for 2010. The poll shows that inflation an interest rates for 2009 and 2010 will be higher than originally estimated.

 

Inflation is estimated to reach 4.26% this year up from 4.25% last week, and 4.48% in 2010. The basic interest rate is forecasted to end 2009 at 8.75% but, by the end of next year, should be at 10.6%, up from 10.5%.

 

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