The analysts heard by the Central Bank project inflation this year below 5% for the first time since May 18. The Focus Bulletin, released this Monday, shows the third consecutive decline in estimates for the IPCA, with the projection being reduced from 5% to 4.90%.
The reduction occurs in the week in which the fifth Selic cut by the Central Bank's Monetary Policy Committee is expected. The market expectation, so far, is that this will be the last reduction of the year.
The projection for the basic interest rate of the economy was maintained at 13.75% for the sixth consecutive week, indicating that the interest rate cut cycle should end at this point.




