Inflation rate at end of 08 ‘to be lower than earlier forecasts’
The inflation rate in Brazil is predicted to be lower at the end of 2008 than originally forecast.
A Central Bank survey of economists has forecast that the rate will be 6.27 per cent, rather than the 6.32 per cent which was originally predicted, which may influence people looking for property in Brazil.
Bloomberg reports that the survey, which included responses from around 100 economists, was taken on September 5th and published on the bank’s website.
The predicted inflation forecast for the end of 2009 remained at five per cent.
It is also reported by the news agency that a large number of Brazil’s largest stocks are currently trading "below their fair value".
According to the country’s Bovespa index of traded shares, there has been a 28 per cent decrease in prices since high figures seen in May.
