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🌏 Brazil turns dovish as India's money supply runs hot

🌏 Brazil turns dovish as India's money supply runs hot

Brazil's central bank trimmed its 2026 rate forecast to 13.75% as inflation expectations fell for a fifth straight week. India's money supply growth accelerated to 14.7% year-over-year, well above the pace consistent with non-inflationary growth.

Four-panel BCB Focus chart: 2026/2027 IPCA, PIB, CΓ’mbio and Selic forecasts with up/down/stable arrows.
Brazil's Focus survey extended its run of softer 2026 IPCA forecasts to a sixth straight week, while the year-end Selic path was left unchanged. Source

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