Brazil's Focus survey points to roughly 250 basis points of central bank policy rate cuts by year-end 2026, yet its 2027 rate forecast has been frozen at 10.50% for 57 straight weeks, an unusual stretch of consensus stability.
Brazil's BCB Focus Market Readout holds the year-end 2026 Selic forecast at 14.00% with 2027 inflation expectations revised higher for the seventh consecutive week. Source
