THE Central Bank (BC) released this Monday (8) a new edition of Focus Bulletin, with financial market projections collected up to last Friday (5).
Inflation (IPCA)
The median of the estimates for the Broad Consumer Price Index (IPCA) The 2026 forecast rose from 5.09% to 5.11% – the 13th consecutive week of increase. The projection for 2027 was also raised, from 4.02% to 4.03%.
Gross Domestic Product (GDP)
The projected growth of Gross Domestic Product (GDP) The forecast for 2026 was adjusted upwards, from 1.90% to 1.91%. 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$ 5.16 to R$ 5.15. For next year, the expectation fell from R$ 5.25 to R$ 5.20.
Selic rate
The estimate for the benchmark interest rate at the end of 2026 rose 0.50 percentage points to 13.50% per year. For the end of 2027, it increased by 0.25 percentage points, also to 13.50% per year.
This text was translated by machine from Brazilian Portuguese.