Focus: Market reduces 2026 IPCA projection to 5.03%

THE Central Bank (BC) released this Monday (3) a new edition of Focus Bulletin, with financial market projections collected up to last Friday (31).

Inflation (IPCA)

The median of the estimates for the Broad Consumer Price Index (IPCA) The 2026 forecast fell from 5.12% to 5.03% – the fifth consecutive week of decline – while the 2027 forecast remained at 4.22%.

Gross Domestic Product (GDP)

The projected growth of Gross Domestic Product (GDP) This year's rate remained at 1.99%, but next year's rate was adjusted from 1.60% to 1.57%.

Exchange

The market maintained its estimate for the price of dollar at the end of 2026, the rate will be R$ 5.20. For 2027, the document shows a reduction to R$ 5.28 (-R$ 0.01).

Selic rate

The projection for the benchmark interest rate at the end of this year has fallen from 14.00% to 13.75% per year. For the end of 2027, the projection remains at 12.00% per year.

This text was translated by machine from Brazilian Portuguese.