The Focus Market Bulletin seeks to guide the Brazilian market with the most crucial information of the economy, seeking to visualize the economic future of Brazil. It is a document published weekly by the Central Bank of Brazil.
The Focus Report aims to guide the Brazilian economy with market expectations for the following week, month, 12 months and for the following year. The indicators analyzed in the Focus Bulletin are as follows: Broad Consumer Price Index — IPCA, IGP-DI (General Price Index — Internal Availability), IGP-M (General Market Price Index), IPC-Fipe (The Consumer Price Index of the Municipality of Sao Paulo), expectations for Selic Rate, Exchange Rate, projections on the growth of the Brazilian Gross Domestic Product (GDP), net public sector debt/GDP, industrial production growth, current account and trade balance (collected from more than 130 banks, brokers and fund managers), as well as other indicators.
From the data collected by the Market Expectations System, three reports are generated:
The Focus report is the best visualization of the Brazilian economic scenario. Another more technical function is the orientation of the Central Bank of Brazil regarding the decision making regarding the monetary policy (interest rate).
Large companies, investors and the Brazilian government itself, often use the Focus Report as a reference for their decisions. The Central Bank Monetary Policy Committee (COPOM), for example, uses the information from the Focus report to decide the Selic rate at meetings of the committee.
The Focus Report can be beneficial in relation to analysts' expectations for the economy in the coming weeks, months and also next year, as well as in investor decision-making, since the variables presented in the Bulletin directly affect the Brazilian economy and investments.