Boletim FOCUS

Expectativas de Mercado

Author

Lucas Maynard

Published

July 21, 2025

Tabelas

DataReferencia Semana Passada Atual Delta
IPCA (Mediana) 2025-07-11 2025-07-18
12 meses suavizado 4.65 4.49 -0.17
2025 5.17 5.1 -0.07
2026 4.5 4.45 -0.05
2027 4 4 0.00
2028 3.81 3.8 -0.01
IPCA (Mediana 5 dias) 2025-07-11 2025-07-18
12 meses suavizado 4.65 4.49 -0.16
2025 5.17 5.07 -0.10
2026 4.48 4.45 -0.04
2027 4 4 0.00
2028 3.8 3.8 0.00
DataReferencia Semana Passada Atual Delta
IPCA (Media) 2025-07-11 2025-07-18
12 meses suavizado 4.62 4.51 -0.12
2025 5.16 5.11 -0.06
2026 4.51 4.44 -0.06
2027 3.98 3.96 -0.03
2028 3.81 3.8 -0.01
IPCA (Media 5 dias) 2025-07-11 2025-07-18
12 meses suavizado 4.63 4.5 -0.12
2025 5.14 5.1 -0.04
2026 4.46 4.45 -0.01
2027 4.01 3.95 -0.06
2028 3.84 3.82 -0.02
DataReferencia Semana Passada Atual Delta
IPCA - Mediana (5 dias) 2025-07-11 2025-07-18
07/2025 0.3 0.32 0.02
08/2025 0.11 -0.13 -0.24
09/2025 0.41 0.61 0.20
10/2025 0.4 0.4 0.00
11/2025 0.3 0.28 -0.02
12/2025 0.53 0.52 -0.01
01/2026 0.45 0.45 0.00
02/2026 0.62 0.62 0.00
03/2026 0.4 0.39 -0.01
04/2026 0.42 0.41 -0.01
05/2026 0.3 0.3 0.00
06/2026 0.26 0.25 -0.01
07/2026 0.23 0.23 0.00
08/2026 0.2 0.19 -0.01
09/2026 0.28 0.28 0.00
10/2026 0.35 0.37 0.02
11/2026 0.35 0.34 -0.01
12/2026 0.5 0.51 0.01
01/2027 0.41 0.42 0.01
02/2027 0.57 0.57 0.00
03/2027 0.33 0.36 0.03
04/2027 0.34 0.36 0.01
05/2027 0.28 0.28 0.00
06/2027 0.23 0.23 0.00
07/2027 0.17 0.22 0.05
DataReferencia Semana Passada Atual Delta
PIB - Mediana 2025-07-11 2025-07-18
2025 2.23 2.23 0.00
2026 1.89 1.88 -0.02
2027 2 2 0.00
DataReferencia 2025-07-11 2025-07-18
PIB - Média 2.26 2.25
2026 1.85 1.85 0.00
2027 1.91 1.9 0.00
DataReferencia Semana Passada Atual Delta
Selic (eop) - Mediana 2025-07-11 2025-07-18
2025 15 15 0.00
2026 12.5 12.5 0.00
2027 10.5 10.5 0.00
2028 10 10 0.00
Selic (eop) - Mediana 5 dias 2025-07-11 2025-07-18
2025 14.9 14.92 0.02
2026 12.25 12.46 0.21
2027 10.33 10.38 0.05
2028 9.77 9.81 0.04
DataReferencia Semana Passada Atual Delta
Copom - Mediana 2025-07-11 2025-07-18
R5/2025 15 15 0.00
R6/2025 15 15 0.00
R7/2025 15 15 0.00
R8/2025 15 15 0.00
R1/2026 15 15 0.00
R2/2026 14.5 14.5 0.00
R3/2026 14.25 14 -0.25
R4/2026 13.75 13.75 0.00
R5/2026 13.25 13.25 0.00
R6/2026 13 13 0.00
R7/2026 12.75 12.5 -0.25
R8/2026 12.5 12.5 0.00
R1/2027 12 12 0.00
R2/2027 12 12 0.00
R3/2027 11.5 11.5 0.00
R4/2027 11.25 11.25 0.00
DataReferencia Semana Passada Atual Delta
Câmbio (eop) - Mediana 2025-07-11 2025-07-18
2025 5.65 5.64 -0.01
2026 5.7 5.7 0.00
2027 5.71 5.7 -0.01
2028 5.76 5.7 -0.06
DataReferencia Semana Passada Atual Delta
Taxa Desocupação (eop) - Mediana 2025-07-11 2025-07-18
2025 6.4 6.2 -0.20
2026 7.1 6.95 -0.15
2027 7.4 7.15 -0.25
2028 7.5 7.5 0.00

IPCA

IPCA (por ano)

Aberturas do IPCA

PIB

Fiscal

Selic