The report, which compiles weekly forecasts from financial institutions regarding key economic indicators, kept the estimate for this year’s official inflation—measured by the Extended National Consumer Price Index (IPCA)—at 5.02 percent.

  The forecast for Gross Domestic Product (GDP) growth remained at 1.98 percent, while the expectation for the exchange rate at the end of 2026 held steady at 5.20 reais per dollar.

  Regarding the benchmark interest rate, the market maintained its forecast of a Selic rate of 13.75 percent per year.

  This set of estimates reflects few changes in the outlook of financial agents regarding key national economic indicators, reported Agencia Brasil.

  However, the inflation forecast remains above the target set by the Central Bank, which uses the Selic rate as its primary tool to curb price pressures.

  The new data follow a favorable trend in recent price behavior; according to the Brazilian Institute of Geography and Statistics (IBGE), official inflation slowed for the fourth consecutive month, rising just 0.07 percent last July.

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