UPDATE 1-Brazil analysts up 2010 inflation view a 6th week

* 2010 IPCA view raised a sixth week to 5.27 pct

* 2011 inflation estimates little changed at 4.98 pct

* GDP forecast for 2010 kept unchanged at 7.55 pct
(Adds central bank decision in fourth paragraph, Selic, GDP
forecasts in paragraphs 5 and 6)

SAO PAULO, Oct 25 (BestGrowthStock) – Economists in a weekly
central bank survey raised their forecasts for Brazil’s
benchmark 2010 inflation index for a sixth straight week,
underscoring concerns of rising consumer prices that could lead
to an increase in interest rates in the months ahead.

Forecasts for the IPCA inflation index in 2010 rose to 5.27
percent, compared with 5.20 percent in the previous week, the
central bank said on Monday. For 2011, the IPCA estimates were
little changed at 4.98 percent from 4.99 percent.

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

Brazilian policymakers last week kept the benchmark Selic
rate unchanged for a second straight meeting at 10.75 percent.

In a brief statement explaining its decision, the central
bank did not mention. In comments in the previous policy
meeting and in the bank’s quarterly inflation report on Sept.
30, it said it saw reduced risks to the inflation outlook.

Forecasts for the Selic at year-end 2010 and 2011 were left
unchanged at 10.75 percent and 11.75 percent respectively.

Brazil’s economy, the largest in Latin America, is forecast
to grow 7.55 percent this year and 4.5 percent next year,
unchanged from estimates the previous week, the survey said.

For the central bank’s most recent survey, see:
http://www4.bcb.gov.br/pec/GCI/PORT/readout/R20101022.pdf
(Reporting by Elzio Barreto; editing by Jeffrey Benkoe)

UPDATE 1-Brazil analysts up 2010 inflation view a 6th week