Boletim FOCUS

Expectativas de Mercado

Author

Lucas Maynard

Published

August 11, 2025

Tabelas

DataReferencia Semana Passada Atual Delta
IPCA (Mediana) 2025-08-01 2025-08-08
12 meses suavizado 4.39 4.35 -0.04
2025 5.07 5.05 -0.02
2026 4.43 4.41 -0.02
2027 4 4 0.00
2028 3.8 3.8 0.00
IPCA (Mediana 5 dias) 2025-08-01 2025-08-08
12 meses suavizado 4.39 4.36 -0.03
2025 5.03 5.05 0.02
2026 4.39 4.35 -0.04
2027 3.86 3.7 -0.16
2028 3.5 3.5 0.00
DataReferencia Semana Passada Atual Delta
IPCA (Media) 2025-08-01 2025-08-08
12 meses suavizado 4.43 4.38 -0.05
2025 5.08 5.06 -0.02
2026 4.44 4.42 -0.02
2027 3.95 3.93 -0.02
2028 3.8 3.78 -0.02
IPCA (Media 5 dias) 2025-08-01 2025-08-08
12 meses suavizado 4.38 4.31 -0.06
2025 5.03 5.04 0.01
2026 4.37 4.32 -0.04
2027 3.84 3.78 -0.07
2028 3.74 3.63 -0.11
DataReferencia Semana Passada Atual Delta
IPCA - Mediana (5 dias) 2025-08-01 2025-08-08
07/2025 0.36 0.36 0.00
08/2025 -0.05 -0.08 -0.03
09/2025 0.54 0.58 0.04
10/2025 0.37 0.35 -0.01
11/2025 0.27 0.27 0.00
12/2025 0.5 0.51 0.01
01/2026 0.45 0.44 -0.01
02/2026 0.62 0.62 0.00
03/2026 0.39 0.36 -0.03
04/2026 0.4 0.4 0.00
05/2026 0.29 0.29 0.00
06/2026 0.24 0.25 0.01
07/2026 0.23 0.23 0.00
08/2026 0.18 0.19 0.01
09/2026 0.26 0.27 0.01
10/2026 0.35 0.36 0.01
11/2026 0.35 0.32 -0.03
12/2026 0.5 0.5 0.00
01/2027 0.35 0.41 0.06
02/2027 0.56 0.55 -0.01
03/2027 0.33 0.33 0.00
04/2027 0.35 0.35 0.00
05/2027 0.28 0.25 -0.03
06/2027 0.2 0.2 0.00
07/2027 0.21 0.2 -0.01
DataReferencia Semana Passada Atual Delta
PIB - Mediana 2025-08-01 2025-08-08
2025 2.23 2.21 -0.02
2026 1.88 1.87 0.00
2027 1.95 1.93 -0.02
DataReferencia 2025-08-01 2025-08-08
PIB - Média 2.25 2.24
2026 1.85 1.84 -0.01
2027 1.89 1.9 0.01
DataReferencia Semana Passada Atual Delta
Selic (eop) - Mediana 2025-08-01 2025-08-08
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 2025-08-01 2025-08-08
2025 14.9 14.94 0.04
2026 12.34 12.36 0.02
2027 10.41 10.43 0.02
2028 9.81 9.76 -0.05
DataReferencia Semana Passada Atual Delta
Copom - Mediana 2025-08-01 2025-08-08
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 14 0.00
R4/2026 13.75 13.5 -0.25
R5/2026 13.25 13.25 0.00
R6/2026 13 13 0.00
R7/2026 12.5 12.5 0.00
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 11.5 11.25 -0.25
R5/2027 11.12 11 -0.12
DataReferencia Semana Passada Atual Delta
Câmbio (eop) - Mediana 2025-08-01 2025-08-08
2025 5.6 5.6 0
2026 5.7 5.7 0
2027 5.7 5.7 0
2028 5.7 5.7 0
DataReferencia Semana Passada Atual Delta
Taxa Desocupação (eop) - Mediana 2025-08-01 2025-08-08
2025 6.2 6.1 -0.10
2026 6.9 6.58 -0.33
2027 7.1 7.07 -0.03
2028 7.5 7.4 -0.10

IPCA

IPCA (por ano)

Aberturas do IPCA

PIB

Fiscal

Selic