Focus Bulletin: Market raises 2026 IPCA projection to 5.09%

THE Central Bank (BC) released this Monday (1st) a new edition of Focus Bulletin, with financial market projections collected up to last Friday (29).

Inflation (IPCA)

The median of the estimates for the Broad Consumer Price Index (IPCA) The 2026 forecast rose from 5.04% to 5.09% – the 12th consecutive week of increase. The projection for 2027 was also raised, from 4.01% to 4.02%.

Gross Domestic Product (GDP)

The projected growth of Gross Domestic Product (GDP) The forecast for 2026 was adjusted upwards, from 1.89% to 1.90%. For 2027, analysts maintained their estimate at 1.70%.

Exchange

The market has lowered its forecast for the price of dollar The year-end forecast dropped from R$ 5.17 to R$ 5.16. For next year, the expectation fell from R$ 5.26 to R$ 5.25.

Selic rate

Estimates for the benchmark interest rate at the end of 2026 and 2027 were maintained at 13.25% and 11.25%, respectively.

This text was translated by machine from Brazilian Portuguese.