Focus: Market reduces 2026 IPCA projection to 5.15%

THE Central Bank (BC) released this Monday (20) a new edition of Focus Bulletin, with financial market projections collected up to last Friday (17).

Inflation (IPCA)

The median of the estimates for the Broad Consumer Price Index (IPCA) The 2026 forecast fell from 5.16% to 5.15% – the third consecutive week of decline – while the 2027 forecast remained at 4.20%.

Gross Domestic Product (GDP)

Growth projections for Gross Domestic Product (GDP) This year and next year were maintained at 1.99% and 1.65%, respectively.

Exchange

The market maintained its estimates for the price of dollar at the end of 2026 and 2027, at R$ 5.20 and R$ 5.28, respectively.

Selic rate

The projection for the benchmark interest rate at the end of this year remained at 14.00% per annum. For the end of 2027, the projection remained at 12.00% per annum.

This text was translated by machine from Brazilian Portuguese.