Brazil central bank chops 2012 GDP growth view to 1.6 percent

BRASILIA, Sept 27 Thu Sep 27, 2012 7:40am EDT

BRASILIA, Sept 27 (Reuters) - Brazil's central bank lowered its 2012 economic growth forecast to 1.6 percent from 2.5 percent previously, the bank's latest quarterly inflation report showed on Thursday.

The bank raised its 2012 inflation forecast to 5.2 percent from 4.7 percent previously, but lowered its estimate for 2013 inflation to 4.9 percent from 5.0 percent previously.

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.