Central Bank of Brazil Focus Market Report

Central Bank of Brazil (BCB) Focus Market Report reflects weekly average and median values of inflationary expectations for the following month, next 12 months, a year and several following years. It also includes expectations for the SELIC (Brazilian Central Bank's system for performing open market operations in execution of monetary policy) target interest rates, real GDP forecasts, as well as expectations concerning the average currency exchange rates, industrial production growth, current account, trade balance, expectations for direct investment liabilities and regulated price change interest. This report is not the bank's forecast but it features consolidated expectations of agents participating in the market forecasting system.