Brazil economists see 2026 inflation at 4.99% in central bank poll
EWZ•Economists see Brazil’s 2026 inflation at 4.99%, up from a previous estimate of 4.92%, and 2027 inflation at 4.31%, versus 4.30%. They forecast Selic rates of 13.50% at year-end 2026 and 12.00% at year-end 2027.
1. Poll projections
Economists surveyed in a central bank poll forecast Brazil’s GDP will grow 1.86% in 2026 and 1.41% in 2027, slightly below previous estimates of 1.88% and 1.43%. The poll sees the Brazilian real at 5.20 per dollar at the end of 2026 and 5.28 at the end of 2027, unchanged from prior estimates.
