For the third consecutive week, the inflation estimate for this year rose from 5.63% to 5.82%. The information is in the Focus Bulletin, released this Monday (14) by the Central Bank, after listening to more than 100 financial institutions last week.
The newsletter recalls that the inflation target for this year, defined by the National Monetary Council (CMN), is 3.5% and will be considered fulfilled if it fluctuates between 2% and 5%.
For next year, the estimated target is 3.25% and will be considered formally fulfilled if it stays between 1.75% and 4.75%. According to the bulletin, the forecast for 2023 was stable at 4.94%.
Selic/exchange
As for the basic interest rate of the economy (Selic), the financial market maintained the expectation at 13.75% per year, at the end of 2022.
The exchange rate projection for the end of 2022 remained stable at R$5.20, the same estimate for the dollar for 2023.
Trade balance
For the trade balance, the balance estimate remained at US$ 55 billion as a positive result in 2022. The market experts’ estimate for 2023 remained at a surplus of US$ 56 billion.
