Focus: Market raises 2026 IPCA projection to 4.71%

THE Central Bank (BC) released this Monday (13) a new edition of Focus Bulletin, with financial market projections collected up to last Friday (10).

Inflation (IPCA)

The median of the projections for the Broad Consumer Price Index (IPCA) The 2026 forecast rose from 4.36% to 4.71%. For 2027, the estimate also increased, from 3.85% to 3.91%.

Gross Domestic Product (GDP)

Expectations for growth of Gross Domestic Product (GDP) This year and next year were maintained at 1.85% and 1.80%, respectively.

Exchange

The market projects the dollar to be quoted at R$ 5.37 at the end of 2026 and at R$ 5.40 at the end of 2027 (revised figures from R$ 5.40 and R$ 5.45, respectively).

Selic rate

Investors have not changed their projections for the benchmark interest rate: a Selic It is estimated at 12.50% per year in 2026 and 10.50% per year in 2027.

This text was translated by machine from Brazilian Portuguese.