Focus Survey: Brazil Inflation Forecast Spikes to 4.1%

2026-03-17 - 09:33

Key Points — Brazil’s Focus survey raised the 2026 IPCA inflation forecast from 3.91% to 4.10%, the largest single-week jump in recent reports, though still within the 4.5% ceiling — Year-end Selic expectations climbed from 12.13% to 12.25%, marking the second consecutive weekly increase, ahead of Wednesday’s Copom decision where markets expect a 25-basis-point cut