Analysts who have been consulted before Panco Central Low expectations to Economic inflation Growth economy This year, while the expectations related to the price level increased in 2026, the country’s expansion expectations remained stable, according to the Focus surveyed on Monday (24).
The survey, which captures the market awareness of economic indicators, showed that IPCA expected increased by 5.65 % after this year, 5.66 % in the previous survey, with the average decline for the second week in a row, after experts raised the expectations for 19 weeks at some point.
For 2026, Brazilian inflation dropped to 4.50 %, from 4.48 % a week ago.
The BC -PRRSATATED target center is 3 %, with a margin of tolerance at 1.5 higher or down.
The weekly survey with one hundred economists also showed expectations that the Brazilian GDP will grow by 1.98 % this year, less than the expansion of 1.99 % expected in the previous week. In 2026, growth is expected to be 1.60 %, the same number of survey last week.
Regarding the definition of the SIIC rate by the Central Bank, there was maintenance of the basic interest rate this year and the other. The average expectations for SELIC in 2025 is 15.00 %, while for 2026, expectations are that the rate reaches 12.50 %.
The result comes in the wake of the last interest decision by BC, which raised Selec on Wednesday at one percentage point, to 14.25 % annually, for the third meeting in a row, still indicates a new increase but less in the May meeting.
The operators offer an opportunity of 82 % of a percentage point 0.5 at the next meeting, while 18 % of the bet indicates an increase of 0.75 points. Focus notes that the basic rate will be raised to 14.75 % in the viewpoint of experts.
Investors have also been concerned with comments from government members about possible foods for enlargement, which the executive authority is essential to controlling the pricing path.
Earlier this month, the government announced the disposal of the import rate of different products, including meat, coffee, sugar and corn, among other products, as part of a number of measures to reduce food prices.
In the focus this Monday, there was also a decrease in expecting the price of the dollar in 2025 to $ 5.95, from $ 5.98 last week, and the projection maintenance to 2026, at $ 6.00.
The US currency accumulates from a decrease from real 7.5 % this year, moving to the process of correcting prices after its launch last year and increasing uncertainty compared to US President Donald Trump’s tariff plans.
