Brazil's financial market lowers 2022 inflation forecast

BRASILIA, Oct. 17 (Xinhua) -- Brazil's financial market lowered its 2022 inflation forecast from 5.71 percent to 5.62 percent, marking the 16th time in a row economists have reduced expected inflation, the Central Bank of Brazil said on Monday.

According to the bank's weekly survey of the country's leading financial institutions, financial analysts also lowered their 2023 inflation forecast from 5 percent to 4.9