UPDATE 1-Brazil analysts raise ’10 GDP view sharply-cenbank

* 2010 IPCA forecasts kept unchanged at 5.07 pct

* Brazil’s GDP seen growing 7.34 pct in 2010 vs 7.09 pct
(Adds GDP forecasts, interest rates)

SAO PAULO, Sept 6 (BestGrowthStock) – Analysts in a weekly central
bank survey raised sharply their growth forecasts for Brazil’s
economy in 2010, while keeping estimates for inflation this
year unchanged, data showed on Monday, underscoring the tame
view on consumer prices in the months ahead.

Brazil’s economy is forecast to expand by 7.34 percent in
2010, up strongly from the 7.09 percent estimate the previous
week, and compared with 7.12 percent about one month ago,
according to the central bank survey.

The forecasts may rise further in coming weeks as
economists adjust their estimates to the better-than-expected
second-quarter figures for gross domestic product released on
Friday. For details, see [ID:nN03239813]

Economists forecast the benchmark IPCA inflation index at
5.07 percent for 2010, the same as in the previous week, after
cutting the estimates in the previous two weeks.

For 2011, the IPCA estimates were reduced to 4.85 percent
from 4.87 percent. The survey also showed GDP growth forecasts
for next year unchanged for a 39th straight week at 4.5

The central bank has a 4.5 percent inflation target for
2010 and 2011, plus or minus 2 percentage points.

Central bank officials last week voted unanimously to keep
the benchmark Selic rate unchanged at 10.75 percent, citing low
inflation risks in the coming months. [ID:nN01111893]
(Reporting by Elzio Barreto; editing by Jeffrey Benkoe)

UPDATE 1-Brazil analysts raise ’10 GDP view sharply-cenbank