Focus Bulletin raises inflation projection to 4.36% in 2026

According to the Central Bank, estimates for Selic, exchange rate and GDP remained unchanged compared to the previous week

O released this Monday (April 6, 2026) by the Central Bank raised the Broad Consumer Price Index, the country’s official inflation, to 4.36%. In the previous week, the document’s estimate for the IPCA was 4.31%.

Defined by the National Monetary Council, the target for inflation is 3%, with a tolerance range of 1.5 percentage points up or down. In other words, the lower limit is 1.5% and the upper limit is 4.5%. Read the of the bulletin (PDF – 786 kB).

The document maintained the estimates for the Selic rate, exchange rate and GDP (Gross Domestic Product) unchanged in relation to the previous week.

For GDP, the sum of all the wealth produced in the country, the market projects 1.85%. The projection for the Selic rate, currently at 14.75%, remained at 12.50% for 2026, while the estimate for the exchange rate was R$5.40 this week.

FOCUS BULLETIN

The Focus Bulletin is published weekly by the Central Bank based on projections from more than 100 financial market institutions. The report summarizes expectations for indicators such as inflation, exchange rate, interest rates and economic growth.