BRASILIA (Reuters) – Brazil’s central bank trimmed its economic growth outlook for this year to 3.6% from 3.8% in its prior forecast, according to its latest quarterly inflation report on Thursday, citing “above-usual uncertainty” surrounding the pace of recovery.
The central bank also said that various measures of underlying inflation are at levels above the range compatible with meeting its inflation goals, and added that it expects the current account deficit to shrink to just $2 billion this year.
(Reporting by Jamie McGeever; Editing by Toby Chopra)
