U.S. News

Brazil economists raise 2010 IPCA forecast again


SAO PAULO, May 10 (Reuters) - Economists in a weekly central bank survey raised for a 16th straight week their forecasts for Brazil's benchmark inflation index in 2010. Economists forecast the benchmark IPCA inflation index at 5.50 percent in 2010, compared with the 5.42 percent forecast a week earlier, according to a central bank weekly survey released on Monday. For 2011, the estimates were kept at 4.8 percent for a fourth straight week. The central bank has a 4.5 percent inflation target for 2010 and 2011, plus or minus 2 percentage points. (Reporting by Elzio Barreto; Editing by Padraic Cassidy) Keywords: BRAZIL ECONOMY/SURVEY (elzio.barreto@thomsonreuters.com; +55 11 5644-7725; Reuters Messaging: elzio.barreto.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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