Meanwhile, the median forecasts for the policy rate at the end of 2022-23 rose to 8.00% and 8.50%, respectively, from the rates estimated two weeks ago, of 7.75% and 8.00% in that same order.
more inflation
Headline inflation expectations for year-end 2022 increased to 5.98% from 5.70% previously. Estimated core inflation for the end of 2022 increased to 5.50% from 5.21%.
Headline inflation projections for year-end 2023 remained unchanged at 4.00%, while core inflation rose to 3.88% from 3.80% previously.
Headline inflation is estimated at 7.3% annually in March. Survey participants forecast a monthly growth of the National Consumer Price Index (INPC) of 0.89% in March, or 7.34% annually, 0.06 percentage points higher than the previous month. For April, general inflation of 0.16% per month is anticipated.
less growth
The outlook for the economy is not encouraging, GDP growth expectations for 2022 decreased to 1.9% from 2.0%.
So the forecast range for 2022 growth is now from 1.1 to 2.3%. For 2023, GDP growth expectations remained unchanged at 2.0%.
