The median of the Focus report for the Selic rate at the end of 2026 remained at 14.00% for the third week in a row. A month ago, it was 13.75%. The market has been adjusting expectations for the extension of the monetary easing cycle led by the Central Bank, amid increased uncertainty due to the war in the Middle East.
Selic at the end of 2026 remains at 14.00%, points out Focus
The median of the Focus report for the Selic rate at the end of 2026 remained at 14.00% for the third week in a row. A month ago, it was 13.75%. The market has been adjusting expectations for the extension of the monetary easing cycle led...
Considering only the 44 estimates updated in the last five business days, which are more sensitive to news, the median for Selic at the end of this year fell from 14.00% to 13.75% The Focus report's interim estimate for the Selic rate at the end of 2027 remained at 12.00% for the fourth consecutive week. Taking into account only the 43 estimates updated in...
- The BC's Monetary Policy Committee (Copom) promoted interest rate cuts of 0.25 percentage points in the first three meetings of 2026, which took the Selic to 14.25% per year.
- In the statement from the June meeting, the committee once again emphasized the uncertainty of the scenario and said that, due to the dynamics of risks associated with price developments,...
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Considering only the 44 estimates updated in the last five business days, which are more sensitive to news, the median for Selic at the end of this year fell from 14.00% to 13.75%
The Focus report's interim estimate for the Selic rate at the end of 2027 remained at 12.00% for the fourth consecutive week. Taking into account only the 43 estimates updated in the last five business days, the median also remained at 12.00%.
The BC's Monetary Policy Committee (Copom) promoted interest rate cuts of 0.25 percentage points in the first three meetings of 2026, which took the Selic to 14.25% per year. In the statement from the June meeting, the committee once again emphasized the uncertainty of the scenario and said that, due to the dynamics of risks associated with price developments, the total magnitude of the current Selic calibration cycle will be established "in light of new information aimed at ensuring the convergence of inflation to the target".
The market median for Selic at the end of 2028 remained at 10.50%. A month ago, it was 10.25%. The estimate for 2029 remained at 10.00% for the 10th consecutive week.
*Content prepared with the help of Artificial Intelligence, reviewed and edited by the Broadcast editorial team, Grupo Estado’s real-time news system.
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