Brazil Focus Survey: 2026 Inflation Forecast Dips to 4.90% Ahead of Copom Minutes

Brazil's central bank Focus survey shows market economists trimming 2026 inflation projections to 4.90% from 5.00%, signaling easing price pressures. The release precedes Tuesday's Copom minutes, which will be scrutinized for policy signals. The modest revision suggests expectations remain above target, keeping the Selic rate outlook data-dependent.