(Reuters) - SAO PAULO, June 28 - Brazil's central bank raised
its forecast for 2007 economic growth and trimmed its estimate
for inflation on Thursday as the country benefits from tame
price pressures and falling borrowing costs.
The bank said in its quarterly inflation report that the
gross domestic product should expand 4.7 percent this year,
compared with a 4.1 percent forecast made in March. The new
estimate is close to the 5 percent expansion sought by
President Luiz Inacio Lula da Silva.
Read more at Reuters.com Bonds News
its forecast for 2007 economic growth and trimmed its estimate
for inflation on Thursday as the country benefits from tame
price pressures and falling borrowing costs.
The bank said in its quarterly inflation report that the
gross domestic product should expand 4.7 percent this year,
compared with a 4.1 percent forecast made in March. The new
estimate is close to the 5 percent expansion sought by
President Luiz Inacio Lula da Silva.
Read more at Reuters.com Bonds News
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