Focus Bulletin: Market adjusts IPCA projections upwards for 2026 and 2027.

THE Central Bank (BC) released this Monday (30) a new edition of Focus Bulletin, with financial market projections collected up to last Friday (27).

Inflation (IPCA)

The median of the estimates for the Broad Consumer Price Index (IPCA) The 2026 forecast rose from 4.17% to 4.31%. For 2027, the projection was adjusted upwards, from 3.80% to 3.84%.

Gross Domestic Product (GDP)

The growth expectation of Brazilian Gross Domestic Product (GDP) The forecast for 2026 was slightly increased, rising from 1.84% to 1.85%. For 2027, the estimate remained stable at 1.80%.

Exchange

The projections for dollar At the end of 2026 and 2027, the rates remained at R$ 5.40 and R$ 5.45, respectively.

Selic rate

The market held fast Selic rate The inflation estimate for the end of 2026 is projected at 12.50% per year, following three weeks of upward adjustments. The estimate for 2027 remained unchanged at 10.50% per year.

This text was translated by machine from Brazilian Portuguese.