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Brazil inflation forecast for 2026 lowered to 3.97% in central bank poll

By
EditorGarrett Cook
Published 02/09/2026, 06:50 AM
Brazil inflation forecast for 2026 lowered to 3.97% in central bank poll
EWZ-0.36%

Investing.com - Brazil’s economists have slightly lowered their inflation forecast for 2026, according to the central bank’s weekly Focus survey released Monday.

The survey shows economists now expect the annual IPCA inflation index to reach 3.97% in 2026, down from 3.99% in the previous estimate. The inflation outlook for 2027 remained unchanged at 3.80%.

Economists maintained their projections for Brazil’s benchmark Selic interest rate, keeping it at 12.25% for year-end 2026 and 10.5% for year-end 2027, unchanged from previous estimates.

The GDP growth forecast held steady at 1.80% for both 2026 and 2027, showing no revision from earlier projections.

Currency expectations also remained stable, with economists continuing to predict the Brazilian real will trade at 5.50 per U.S. dollar by the end of both 2026 and 2027.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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