The median of market expectations for official inflation (IPCA) this year rose to 8.89%. The latest data, released on May 2, pointed to 7.89%. For 2023, the forecast is 4.39% compared to 4.1% in the previous survey.
For the GDP (Gross Domestic Product) for the year, expectations rose from a high of 0.7% to growth of 1.20%. For 2023, the market expects an increase of 0.76% compared to 1% in the last survey.
The numbers are from Focus Bulletin of central bank (BC), released this Monday (6), which gathers estimates from more than 100 institutions in the financial market for the main economic indicators.
Published normally every week, the survey went unpublished for a month.
Regarding the basic rate of the economy, economists’ expectations point to a Selic rate of 13.25% at the end of 2022, the same level disclosed in the last survey. For 2023, the rate is expected to reach 9.75% in December.
The Selic is the Central Bank’s main tool to control inflation.
*In update
Source: CNN Brasil
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