HALISTER1: Brazil CPI 2017 Estimate Cut to 3.1% From 3.5% at Safra

Brazil CPI 2017 Estimate Cut to 3.1% From 3.5% at Safra

(Bloomberg) -- 2018 estimate cut to 4.0% from 4.1%, according to report by chief economist Carlos Kawall released on Friday.
  • With the Central Bank indicating that it considers the current political crisis effect on inflation as neutral, Safra now sees Copom cutting Selic rate by 1 percentage point in next meeting
  • Despite better results in May, economic activity still does not show consistent signs of recovery
    • Safra maintains projection for no growth in 2017
Original Story: Safra projeta queda de 1 pp da Selic em Copom de julho To contact the translator on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net Reporter on the original story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Taís Fuoco

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Carlos Kawall Leal Ferreira (Banco Safra SA)

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