Hindsight · review build · data not yet validated

Focus market expectations survey, 2025-03

Banco Central do Brasil · all publications · published 2025-03-31 · 8 predictions

complete← 2024-12 2025-06 →

Median of market expectations (Focus, Sistema Expectativas de Mercado), statistics over forecasts submitted in the 30 days up to the survey date (baseCalculo 0). Sample: last survey date of 2025-03 in the Olinda daily series.

olinda.bcb.gov.br/olinda/servico/Expectativas/versao/v1/odat

2025

not graded
IPCA
Brazil, IPCA inflation, December to December in 2025: 5.65 %
bcb-focus-2025-03-001
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PIB Total
Brazil, real GDP growth in 2025: 1.9684 %
bcb-focus-2025-03-003
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Selic
Brazil, Selic target rate at year end in 2025: 15 % p.a.
bcb-focus-2025-03-005
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Câmbio
Brazil, exchange rate at year end in 2025: 5.9 BRL per USD
bcb-focus-2025-03-007

2026

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IPCA
Brazil, IPCA inflation, December to December in 2026: 4.5 %
bcb-focus-2025-03-002
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PIB Total
Brazil, real GDP growth in 2026: 1.6 %
bcb-focus-2025-03-004
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Selic
Brazil, Selic target rate at year end in 2026: 12.5 % p.a.
bcb-focus-2025-03-006
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Câmbio
Brazil, exchange rate at year end in 2026: 5.9897 BRL per USD
bcb-focus-2025-03-008