Brazil's central bank activity index, a GDP preview, rose just 0.1% in May as farming shrank, confirming the economy is losing momentum after a strong start to 2026.

Trading in B3's Copom options now points to a 0.25-point cut in Brazil's Selic rate in August, with a 75.5% probability — a sharp shift from a month ago.

Brazil's central bank activity index, a GDP preview, rose just 0.1% in May as farming shrank, confirming the economy is losing momentum after a strong start to 2026.