Report indicates an IPCA projection retreat to 5.18%, still above the goal, and an increase in the estimated economic growth to 2.23%
The BC (Central Bank) released this Monday (7.Jul.2025) The Focus Bulletin. The expectation for the IPCA (National Consumer Price Index) is a retreat from 5.20% to 5.18%. Regarding GDP (Gross Domestic Product), there was an increase in projection, from 2.21% to 2.23%. Here’s (PDF – 907 kb).
The value projected by Focus for inflation, even with the reduction, remains above the target ceiling, fixed by 5%. The weekly report compiles the predictions of financial institutions and economic consultants operating in the Brazilian market.
For, the market maintained 15% per year at the end of 2025, with no changes compared to the previous week. This is the largest level since 2006, when it reached 15.25% per year.
It is expected to fall to 12.50% next year-and should only reach 10% in 2027, with no expectation of reduction to only one digit, according to Focus.
The dollar quotation also maintained the projection of the previous week, at $ 5.70. The exchange rate is expected to increase by 2028 and return to $ 5.80, as it was a month ago.
