Brasília, 10/27/2003 (Agência Brasil - ABr) - Financial markets went back into a bad mood with regard to economic growth according to the latest weekly market survey by the Central Bank. The forecast for GDP growth has fallen from 0.70% for the year to 0.64%.

Meanwhile, the survey found estimates for year-end inflation, as measured by the Broad Consumer Price Index (IPCA), rose from 9.71% to 9.74% (the second consecutive week inflation estmates have risen). But market estimates for 12-month inflation fell from 6.27% to 6.17%.

Market estimates for interest rates (Selic) rose slightly from 17.10% to 17.32%. (AB)