Latam Daily | In Brazil we revise our end of year inflation forecast to 8%

Summary

We have left our 5.5% forecast for 2016 (end of period) unchanged and the upwards surprise is in line with a greater risk of the monetary authority increasing the Selic rate again in July. In Chile the Central Bank’s economic expectation survey implied another downward correction in 2015 GDP forecasts; analysts expect a pause at 3% in the MPR for the medium term.

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