It is worth mentioning that the inflation targets for 2024 and 2025 are 3% as established by the National Monetary Council (CMN).
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On the other hand, the Selic rate is expected to end the year at 10%, up from 9.75% —the increase in the projection is a response to the more conservative stance adopted by the Monetary Policy Committee (Copom), after the 0.25 percentage point increase in interest rates.
For 2025 and 2026, it is projected that the basic interest rate will remain at 9%. However, expectations for 2027 have been raised from 8.63% to 9%.
Gross Domestic Product (GDP) has decreased from 2.09% to 2.05% in 2024. Expectations for the coming years remain at 2%. In addition, the projection for the dollar has increased from R$ 5 to R$ 5.04 this year.
Check out the projections from this Tuesday’s (20) Focus ReportIPCA2024: from 3.76% to 3.80%2025: from 3.66% to 3.74%2026: remains at 3.50%2027: remains at 3.50%GDP2024: from 2.09% to 2.05%2025: remains at 2%2026: remains at 2%2027: remains at 2%.
Selic2024: from 9.75% to 10%2025: remains at 9%2026: from 8.75% to 9%2027: from 8.63% to 9%Dollar2024: from R$ 5 to R$ 5.042025: remains at R$ 5.052026: remains at R$ 5.102027: remains at R$ 5.10.
Economy and PoliticsWith the agenda less crowded, the highlight goes to the meeting that Roberto Campos Neto, President of the Central Bank, has scheduled with the presidents of Itaú, Bradesco, Banco do Brasil, Caixa Econômica Federal, and the Brazilian Federation of Banks (Febraban).
In addition, three Federal Reserve officials (Raphael Bostic, Michael Barr, and Philip Jefferson) have speeches scheduled for the day, keeping the market alert to possible messages about American monetary policy.
Check out the economic agenda for this Monday (20)Time Country Indicator 03:00 Germany PPI (April) 07:00 Germany Monthly Central Bank Report 08:25 Brazil Focus Report (Weekly) 17:00 Argentina Budget Balance (April)Check out President Lula’s agenda for this Monday (20)
