market reviews calculations again and sees less inflation and more GDP in 2023

Financial market agents predict that inflation will end the year at 5.42%, according to data released this Monday morning (12) by the Central Bank’s Focus Report. It is the fourth consecutive week of decline in expectations for the Extended Consumer Price Index (IPCA) for the year (see in full).

The drop from last week to this one was 0.27 percentage points, and 0.61 from the calculated a month ago. The drop forecast remains for the next three years, according to agents heard by the Central Bank.

On the other hand, the market predicts that the Gross Domestic Product (GDP), the sum of all goods and services produced in the country, will end the year with an increase of 1.84%. It is the fifth week of improvement in expectation of the result.

The forecast for the dollar exchange rate remains stable at R$ 5.10 and the expectation that the Selic rate closes 2023 at 12.5%.