Hindsight · review build · data not yet validated

Focus market expectations survey, 2025-09

Banco Central do Brasil · all publications · published 2025-09-30 · 8 predictions

complete← 2025-06 2025-12 →

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 2025-09 in the Olinda daily series.

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

2025

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IPCA
Brazil, IPCA inflation, December to December in 2025: 4.8061 %
bcb-focus-2025-09-001
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PIB Total
Brazil, real GDP growth in 2025: 2.1614 %
bcb-focus-2025-09-003
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Selic
Brazil, Selic target rate at year end in 2025: 15 % p.a.
bcb-focus-2025-09-005
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Câmbio
Brazil, exchange rate at year end in 2025: 5.4555 BRL per USD
bcb-focus-2025-09-007

2026

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IPCA
Brazil, IPCA inflation, December to December in 2026: 4.29 %
bcb-focus-2025-09-002
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PIB Total
Brazil, real GDP growth in 2026: 1.8 %
bcb-focus-2025-09-004
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Selic
Brazil, Selic target rate at year end in 2026: 12.25 % p.a.
bcb-focus-2025-09-006
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Câmbio
Brazil, exchange rate at year end in 2026: 5.5761 BRL per USD
bcb-focus-2025-09-008