Will Brazil’s Rate Cuts Wait Until After Carnival? The Selic Debate Heads Into Copom Week

2026-01-26 - 12:59

Key Points Most analysts expect Copom to hold the Selic at 15% on January 27–28, 2026, then start cuts in March. Inflation is inside the target band, but services prices and expectations still look stubborn. The real dispute is speed and the endpoint, not whether cuts will come at all. Brazil’s central bank is walking