Report

Analysts trim GDP growth forecast and now expect 75bps of rate cuts in 2019

- Analysts trim GDP growth forecast to 0.93% in 2019 and 2.20% for 2020, hold forecast at 2.50% for 2021-22
- Analysts now expect Selic to be cut by 75bps to 5.75% in 2019, then see hikes of 75bps in 2020 and 100bps in 2021, no change in 2022
- Analysts trim IPCA inflation forecast for 2019 but keep it for 2020-22
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CEEMarketWatch

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