Central Bank bulletin also kept the Selic rate and exchange rate unchanged for 2026 in relation to the previous week
The , released this Monday (June 29, 2026) by , maintained the projection for the Broad National Consumer Price Index (IPCA), the country’s official inflation, at 5.33% in 2026.
The estimate for GDP went from 1.98% to 1.99%. The inflation target defined by the National Monetary Council is 3%, with a tolerance range of 1.5 percentage points more or less. Thus, the lower limit is 1.5% and the upper limit is 4.5%. Read the bulletin (PDF – 775 kB).
The projection for the Selic rate, , was maintained at 14% for 2026. The estimate for the dollar also remained at R$5.20.
For 2027, the market reduced its projection for GDP growth, from 1.70% to 1.68%. Expectations for inflation rose from 4.15% to 4.17%, while the dollar rose from R$5.27 to R$5.28.
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.
