Brazil: market projects new inflation hike for 2023
The Focus Bulletin released this Monday, 10, by the Central Bank, makes a new projection of inflation increase for 2023.
According to market analysts, the Broad Consumer Price Index (IPCA) will close at 5.98%, compared to 5.96% last week.
Since President Lula took office, the Focus projection for inflation has increased for 11 straight weeks, and two weeks ago, it was projected to be stable.
And then it increased again.
For 2024, the projection is also for an increase in inflation, to 4.14%, from 4.13% last week.
For 2025, the analysts maintained the IPCA projection at 4%.
The projection for the Gross Domestic Product (GDP) growth also advanced, to 0.91%, from 0.9% a week ago.
For 2024 and 2025, however, the market sees the possibility of a slowdown in the economy’s growth.
For next year, the projection fell from 1.48% last week to 1.44% this week, and for 2025, from 1.8% to 1.76%.
As for the interest rate, analysts maintained the projection that had been made for eight weeks of 12.75%.
Currently, the Selic fixed by the Monetary Policy Committee (Copom) is 13.75%.
For 2024 and 2025, analysts have also maintained their projections: 10% and 9%, respectively.
For the exchange rate, the ten-week projection is maintained that the dollar should reach the end of the year 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
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.85%
171,031.73
+1.85%
65,223.89
+1.36%
11,337.85
+0.89%
2,904,791
+1.00%
2,465.35
+0.86%
58,698.13
+2.27%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,031.73 | +1.85% | +21.85% | 167,927.15 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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