Market reduces inflation forecast to 4.32% in 2025, says Focus

by Marcelo Moreira

Financial market analysts again reduced inflation estimates for 2025 and 2026, according to the Focus bulletin, released this Monday (29) by the Central Bank. The market predicts that 2025 will end with inflation of 4.32%, a result below the target ceiling.

Regarding the country’s growth, the expectation is that the Gross Domestic Product (GDP) will remain at 2.26%. Defined by the National Monetary Council, the inflation target for 2025 is 3%, with a tolerance range of 1.5 percentage points up or down.

For 2026, the financial market’s expectation is that inflation will be 4.05% and for 2027 the index will be 3.8%.

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