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Higher
Devaluation
The estimated devaluation in
2006 according to consultants,
businessmen, academicians, and
financers surpass the forecast
made by the Central Bank earlier
in the year.
In the first quarterly survey on
the economic outlook published
by the Central Bank, the
respondents set the average
devaluation for the year at 8.2
percent, with a lower limit at
7.6 percent and a higher limit
at 8.7 percent.
Meanwhile, the Central Bank had
set 6.6 percent as the
devaluation goal for the year.
Since 2002, the rate of
devaluation has slowed down, to
a current 7.9 percent.
Regarding inflation, the survey
found 12.4 percent as the
average for the year, above the
11 percent that the Central Bank
had set as the goal.
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