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1999\u5e74\u306b\u9023\u90a6\u653f\u5e9c\u306f\u5e74\u9593\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6570\u4e2d\u592e\u76ee\u6a19\u5024\u30924.5\uff05\u3001\u8a31\u5bb9\u5024\u3092\u524d\u5f8c2.0\uff05\u306b\u5b9a\u3081\u305f\u306b\u3082\u95a2\u308f\u3089\u305a\u30012001\u5e74\u4e26\u3073\u306b2002\u5e74\u30012003\u5e74\u30012015\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6570\u306f\u8a31\u5bb9\u5024\u3092\u4e0a\u56de\u3063\u3066\u3044\u305f\u3002<\/p>\n
Broadcast Projeções\u306e\u8abf\u67fb\u306b\u3088\u308b\u3068\u3001\u8abf\u67fb\u5bfe\u8c61\u306e\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u306e12\u6708\u306e\u5e73\u5747IPCA\u6307\u6570\u306f0.45\uff05\u4e88\u60f3\u3001\u4eca\u5e74\u306f6.45\uff05\u3068\u30a4\u30f3\u30d5\u30ec\u6307\u6570\u306e\u4e0a\u9650\u8a31\u5bb9\u50246.5\uff05\u3092\u4e0b\u56de\u308b\u53ef\u80fd\u6027\u304c\u6307\u6458\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n
11\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6570\u306e\u5e83\u7bc4\u56f2\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08IPCA\uff09\u304c\u50c5\u304b\u306b0.18\uff05\u5897\u52a0\u306b\u7559\u307e\u3063\u305f\u305f\u3081\u306b\u3001\u4e2d\u9280\u306eIlan Goldfajn\u7dcf\u88c1\u306f\u3001\u6765\u5e741\u6708\u306e\u4e2d\u9280\u306e\u901a\u8ca8\u653f\u7b56\u59d4\u54e1\u4f1a\uff08Copom\uff09\u306e\u653f\u7b56\u8a98\u5c0e\u91d1\u5229 (Selic)\u306e\u5207\u4e0b\u3052\u5e45\u306f\u62e1\u5927\u3067\u304d\u308b\u3068\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002<\/p>\n
11\u670829\u65e5\u53ca\u307330\u65e5\u306b\u958b\u50ac\u3055\u308c\u305f\u4e2d\u9280\u306e\u901a\u8ca8\u653f\u7b56\u59d4\u54e1\u4f1a\uff08Copom\uff09\u3067\u306f\u3001\u7d99\u7d9a\u3059\u308b\u7d4c\u6e08\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u4e26\u3073\u306b\u9ad8\u6b62\u307e\u308a\u3059\u308b\u5931\u696d\u7387\u306b\u3082\u95a2\u308f\u3089\u305a\u300114.00\uff05\u306e\u653f\u7b56\u8a98\u5c0e\u91d1\u5229 (Selic)\u306f0.25\uff05\u5f15\u304d\u4e0b\u3052\u306613.75\uff05\u306b\u6c7a\u5b9a\u3057\u3066\u3044\u305f\u3002<\/p>\n
11\u6708\u306eSelic\u91d1\u5229\u304c10\u6708\u306e0.25\uff05\u5f15\u304d\u4e0b\u3052\u306b\u7d9a\u3044\u30662\u56de\u9023\u7d9a\u306e0.25\uff05\u5f15\u304d\u4e0b\u3052\u306b\u7559\u307e\u3063\u305f\u4e00\u56e0\u3068\u3057\u3066\u3001\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u6c0f\uff08\u5171\u548c\u515a\uff09\u306e\u6b21\u671f\u30a2\u30e1\u30ea\u30ab\u5927\u7d71\u9818\u78ba\u5b9a\u3067\u7c73\u56fd\u5185\u3067\u306e\u96c7\u7528\u62e1\u5927\u3092\u91cd\u8996\u3057\u305f\u4fdd\u8b77\u8cbf\u6613\u5f37\u5316\u3001\u5f37\u3044\u81ea\u56fd\u901a\u8ca8\u306e\u7dad\u6301\u3001\u5de8\u5927\u306a\u56fd\u5185\u30a4\u30f3\u30d5\u30e9\u6295\u8cc7\u306a\u3069\u3092\u767a\u8868\u3057\u3066\u3044\u308b\u5f71\u97ff\u3067\u3001\u65b0\u8208\u56fd\u3092\u4e2d\u5fc3\u306b\u70ba\u66ff\u3084\u682a\u5f0f\u5e02\u5834\u304c\u6df7\u4e71\u3092\u304d\u305f\u3057\u3066\u3044\u308b\u5916\u7684\u8981\u56e0\u304c\u5927\u304d\u304f\u5f71\u97ff\u3057\u3066\u3044\u305f\u3002<\/p>\n
11\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6570\u306e\u5e83\u7bc4\u56f2\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08IPCA\uff09\u304c\u50c5\u304b\u306b0.18\u5897\u52a0\u306b\u7559\u307e\u3063\u305f\u8981\u56e0\u3068\u3057\u3066\u3001\u4e00\u822c\u6d88\u8cbb\u8005\u306e\u98df\u54c1\u30fb\u98f2\u6599\u306e\u6d88\u8cbb\u304c0.2\uff05\u6e1b\u5c11\u3001\u307e\u305f\u5929\u5019\u306b\u52a9\u3051\u3089\u308c\u3066\u30c8\u30de\u30c8\u4e26\u3073\u306b\u30b8\u30e3\u30ac\u30a4\u30e2\u3001\u30d5\u30a7\u30b8\u30e7\u30f3\u8c46\u306a\u3069\u304c\u5024\u4e0b\u304c\u308a\u4e26\u3073\u306b\u4e00\u822c\u6d88\u8cbb\u8005\u306e\u9700\u8981\u6e1b\u5c11\u3001\u6765\u5e74\u306e\u7a40\u7269\u985e\u306e\u751f\u7523\u4e0a\u6607\u4e88\u60f3\u306a\u3069\u304c\u30a4\u30f3\u30d5\u30ec\u4e0a\u6607\u306b\u6b6f\u6b62\u3081\u3092\u304b\u3051\u3066\u3044\u308b\u3002<\/p>\n
\u307e\u305f\u56fd\u5185\u7d4c\u6e08\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u306e\u5f71\u97ff\u3067\u666f\u6cc1\u611f\u304c\u60aa\u5316\u3057\u3066\u4e00\u822c\u6d88\u8cbb\u8005\u306f\u5e74\u672b\u306e\u30af\u30ea\u30b9\u30de\u30b9\u5546\u6226\u306b\u3082\u95a2\u308f\u3089\u305a\u3001\u98df\u6599\u54c1\u3084\u98f2\u6599\u3001\u30d7\u30ec\u30bc\u30f3\u30c8\u7528\u54c1\u306a\u3069\u306e\u6d88\u8cbb\u3092\u63a7\u3048\u3066\u3044\u308b\u3002<\/p>\n
\u307e\u305f\u8863\u985e\u4e26\u3073\u306b\u822a\u7a7a\u5238\u306f\u5024\u4e0b\u304c\u308a\u3057\u3066\u304a\u308a\u300112\u6708\u306eIPCA\u6307\u6570\u306f\u6628\u5e74\u540c\u6708\u306e0.96\uff05\u3092\u5927\u5e45\u306b\u4e0b\u56de\u308b\u3068\u30d6\u30e9\u30b8\u30eb\u5730\u7406\u7d71\u8a08\u9662\uff08IBGE\uff09\u306e\u30a8\u30a6\u30ea\u30ca\u30fb\u30cc\u30fc\u30cd\u30b9\u3000\u30b3\u30fc\u30c7\u30a3\u30cd\u30fc\u30bf\u30fc\u306f\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\uff082016\u5e7412\u670810\u65e5\u4ed8\u3051\u30a8\u30b9\u30bf\u30fc\u30c9\u7d19\uff09<\/p>\n
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