---
source: Central Bank of Brazil (BCB)
url: https://www.bcb.gov.br/content/focus/focusmarketreadout/R20260327.pdf
document_type: pdf
date_retrieved: 2026-03-30
period: March 27, 2026 (Focus Market Readout)
parent_publication: Focus Market Readout
indicators_covered: [IPCA, GDP growth, Exchange Rate, Selic Target, IGP-M]
---

# Focus Market Readout - March 27, 2026

**Market Expectations summary for Brazil's key economic indicators.**

The Focus Market Readout is a weekly survey of market expectations for key economic indicators in Brazil, published by the Central Bank of Brazil (BCB). This report reflects expectations collected up to March 27, 2026.

## Median Expectations - Aggregate

| Indicator | 2026 (Today) | 2026 (1 week ago) | 2027 (Today) | 2027 (1 week ago) |
|-----------|--------------|-------------------|--------------|-------------------|
| **IPCA (%)** | 4.31 ▲ | 4.17 | 3.84 ▲ | 3.80 |
| **GDP (% growth)** | 1.85 ▲ | 1.84 | 1.80 | 1.80 |
| **Exchange Rate (R$/US$)** | 5.40 | 5.40 | 5.45 | 5.45 |
| **Selic Target (% p.a)** | 12.50 | 12.50 | 10.50 | 10.50 |
| **IGP-M (%)** | 3.46 ▲ | 3.45 | 4.00 | 4.00 |
| **Regulated Prices (%)** | 4.27 ▲ | 4.02 | 3.77 | 3.77 |

## External Sector & Fiscal Indicators (2026)

*   **Current Account (US$ billion):** -65.00 ▲ (from -66.80)
*   **Trade Balance (US$ billion):** 70.00 (Stability)
*   **Foreign Direct Investment (US$ billion):** 75.00 (Stability)
*   **Net Public Sector Debt (% of GDP):** 69.90 (Stability)
*   **Primary Result (% of GDP):** -0.50 (Stability)
*   **Nominal Result (% of GDP):** -8.50 (Stability)

## Short-term Monthly Expectations

| Indicator | Mar/2026 | Apr/2026 | May/2026 |
|-----------|----------|----------|----------|
| **IPCA (%)** | 0.46 ▲ | 0.46 ▲ | 0.31 ▲ |
| **Exchange Rate (R$/US$)** | 5.25 | 5.25 | 5.27 |
| **IGP-M (%)** | 0.35 ▲ | 0.43 ▲ | 0.29 |

---
*Note: (▲) denotes increase, (▼) denotes decrease, and (no symbol) denotes stability relative to the previous week.*