Thursday, September 27, 2012

Reuters: US Dollar Report: Brazil central bank chops 2012 GDP growth view to 1.6 percent

Reuters: US Dollar Report
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Brazil central bank chops 2012 GDP growth view to 1.6 percent
Sep 27th 2012, 11:40

BRASILIA, Sept 27 | Thu Sep 27, 2012 7:40am EDT

BRASILIA, Sept 27 (Reuters) - Brazil's central bank lowered its 2012 economic growth forecast to 1.6 percent from 2.5 percent previously, the bank's latest quarterly inflation report showed on Thursday.

The bank raised its 2012 inflation forecast to 5.2 percent from 4.7 percent previously, but lowered its estimate for 2013 inflation to 4.9 percent from 5.0 percent previously.

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