The financial market has once again raised its inflation projection for 2026, while cutting estimates for the Selic rate and the dollar exchange rate for the same period. The data are contained in the Focus report, released by the Central Bank, which gathers expectations from financial institutions for the main indicators of the Brazilian economy.
The median of projections for the Broad National Consumer Price Index (IPCA) rose from 5.01% to 5.22%, marking the fourth consecutive weekly increase. The result is 0.72 percentage points above the ceiling of 4.50% considered in comparison with the center of the inflation target, set at 3%, and its upper limit.
In addition to price outlooks, the survey…
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