Brazil's weekly Focus survey cut its 2026 inflation forecast to 5.16%, a sharp drop that reverses a long climb, while the year-end Selic held at 14%.
Key Facts
—The drop. Brazil’s Focus survey cut its 2026 inflation forecast to 5.16 percent, from 5.30 percent.
—The turn. It reverses a long climb that had pushed forecasts up for weeks on end.
—The rate. The year-end Selic forecast held steady at 14 percent.
—The driver. A soft June inflation reading of 0.16 percent helped pull the outlook lower.
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