Brazil economists see year-end 2026 Selic rate at 13.25%
TLT•Economists in a central bank poll see Brazil’s year-end 2026 Selic rate at 13.25%, down from a previous estimate of 13.50%. They forecast 2026 inflation at 5.22%, GDP growth of 1.85% and the real at 5.15 per dollar.
1. Poll forecasts
Economists see Brazil’s year-end 2026 Selic rate at 13.25%, versus 13.50% in the previous estimate, and the year-end 2027 rate at 12.00%, unchanged. They forecast annual IPCA inflation of 5.22% in 2026, up from 5.01%, and 4.30% in 2027, unchanged.
2. Growth and currency
The poll forecasts GDP growth of 1.85% in 2026 and 1.40% in 2027, both unchanged from previous estimates. It sees the real at 5.15 per dollar at year-end 2026, versus 5.20 previously, and at 5.26 per dollar at year-end 2027, versus 5.28 previously.
