EFTA01437369Set 10
11p2,371w
Highlights: Inflation Report suggests further easing and long period with
low interest rates
The IPCA-15 rose 0.11% in September, in line with our forecast of 0.10%
Job creation ... BRL3.40/USD for
end-2019 and BRL3.45/USD for end-2020. In this scenario, the passive IPCA
forecast fell to 3.2% from 3.8% for 2017 and to 4.3% from ... passive IPCA forecast for 2019 and 2020 were 4.2% and 4.1%, respectively. We
note that the inflation targets for the next years will
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01437369.pdf
Highlights: Inflation Report suggests further easing and long period with low interest rates
The IPCA-15 rose 0.11% in September, in line with our forecast of 0.10%
Job creation ... BRL3.40/USD for end-2019 and BRL3.45/USD
for end-2020. In this scenario, the passive IPCA forecast fell to 3.2% from 3.8% for 2017 and to 4.3% from ... passive IPCA forecast for 2019 and 2020 were 4.2% and 4.1%, respectively. We note that the inflation targets for the
CONFIDENTIAL - PURSUANT TO FED. R. CRIM
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01388469.pdf
EFTA00648542Set 9
2015-07-032p980w
expect major changes (we expect the consensus
forest for the 2015 IPCA to remain at 5.5%). The government could release the trade balance for the first week of July ... tapering off of the increase in lottery ticket prices. IBGE will publish the IPCA
consumer price index for June, and we project 0.85%, up from 0.74% in May, mainly
https://www.justice.gov/epstein/files/DataSet%209/EFTA00648542.pdf
EFTA01360807Set 10
2015-06-111p832w
from 11.8%) and 5.3% for 2016 (vs.
5.2%), the passive IPCA forecasts increased and remained above the 4.5% target for 2015, and remained
unchanged and above the target ... level.
However, the fact that the COPOM minutes reported no reduction in the 2016 IPCA forecast (assuming a
SELIC rate of 13.25%, i.e. before the decision to raise
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01360807.pdf
EFTA00666908Set 9
2015-06-112p997w
from 11.8%) and 5.3% for 2016 (vs. 5.2%), the passive
IPCA forecasts increased and remained above the 4.5% target for 2015, and remained unchanged and above the
target ... level. However, the fact that the COPOM
minutes reported no reduction in the 2016 IPCA forecast (assuming a SELIC rate of 13.25%, i.e. before the
decision to raise
https://www.justice.gov/epstein/files/DataSet%209/EFTA00666908.pdf
EFTA00862264Set 9
2015-03-132p872w
Paulo's inflation index,
and we expect 1.05%. On Friday, IBGE will publish the IPCA-15 consumer price index for March, and we
expect 1.20%, only slightly down from
https://www.justice.gov/epstein/files/DataSet%209/EFTA00862264.pdf
EFTA01185747Set 9
24p4,909w
partir desta quinta, passa a valer um índice de preços, o IPCA-
E.
Para evitar futuros questionamentos na Justiça, os ministros validaram todos
os pagamentos já realizados, inclusive os feitos
https://www.justice.gov/epstein/files/DataSet%209/EFTA01185747.pdf