Market analysts have projected inflation for 2023 at 5.9%, the same level as last week, according to the Focus Bulletin released on Monday, 6, by the Brazilian Central Bank (BC).
It is the first projection of stability after 11 weeks of forecasts of rising inflation.
For 2024 and 2025, the analysts maintained last week’s inflation projection of 4.02% and 3.8%, respectively.
The inflation projection for 2026 increased from last week’s, from 3.75% to 3.77%.
As for the economy’s growth, analysts projected a 0.85% growth in 2023, above last week’s projection of 0.84%.
It is the third week in a row of high projections. For 2024 and 2025, there was stability in the forecast, 1.5% and 1.8%, respectively.
For the interest rate, the market projects that it will close in 2023 at 12.75%, the same level as the last two weeks.
The projection remained stable for the Selic in 2024 and 2025, at 10% and 9%, respectively.
As for the exchange rate, analysts maintained, for the fifth week in a row, the projection that the dollar will close 2023 at R$5.25.
Published every Monday, the Focus Bulletin summarizes statistics calculated considering market expectations collected until the Friday before its release.
The report shows the graphical evolution and the weekly behavior of the projections for price indexes, economic activity, foreign exchange, and the Selic rate, among other indicators.
The projections are from the market, not from the Central Bank.
With information from Revista Oeste