Brazil Inflation Forecast Hits 4.71% as Hormuz Oil Shock Bites

Key Points — The Focus survey raised Brazil’s 2026 IPCA forecast to 4.71% — above the 4.50% target ceiling for the first time this cycle, and the 5th consecutive weekly increase — The Selic forecast held at 12.50%, but the Copom’s April 28-29 meeting now faces a much narrower path for further cuts — Dollar […] The post Brazil Inflation Forecast Hits 4.71% as Hormuz Oil Shock Bites appeared first on The Rio Times .

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