Brazilian Economists Adjust Inflation and Exchange Rate Forecasts

Brazilian economists have revised their inflation forecast for the next 12 months to 4.06%, slightly down from the previous estimate of 4.07%. According to Jin10, the inflation rate for 2026 is now projected at 5.09%, up from the earlier forecast of 5.04%. The economists also adjusted their projection for the Brazilian real against the U.S. dollar, expecting it to be 5.16 reais per dollar by the end of 2026, compared to the previous estimate of 5.17 reais per dollar. The forecast for the benchmark Selic interest rate at the end of 2026 remains unchanged at 13.25%. Additionally, the expected growth rate for Brazil's GDP in 2026 has been slightly revised to 1.90% from the earlier projection of 1.89%.