巴西央行编制的每周Focus调查显示，经济学家将2027年通胀预期从一周前的4.34%上调至4.76%。这一单周大幅跃升大幅收窄了央行在周三Copom（货币政策委员会）会议上降息的空间。
Economists in the weekly Focus survey lifted Brazil's 2027 inflation forecast to 4.76% from 4.34% in just one week. The jump narrows the central bank's room to cut rates at Wednesday's Copom meeting. Economists polled in Brazil's weekly Focus survey, compiled by the central bank, lifted their 2027 inflation forecast to 4.76% from 4.34% just a week earlier.
巴西的通胀目标在3%左右，但市场预期已有一段时间运行在该水平之上。经济学家指出，对公共支出的担忧以及雷亚尔走弱对进口价格的影响，是推高预期的因素。卢拉政府的一些盟友仍继续施压央行不顾一切降息。
The sharp one-week jump sharply narrows the central bank's room to cut interest rates at Wednesday's Copom meeting. Brazil's inflation target sits around 3%, but market expectations have run above that level for some time. Economists point to concerns over public spending and the effect of a weaker real on import prices as factors pushing forecasts higher. Some allies of the Lula government continue to press the central bank to cut rates regardless.
分析人士认为，Focus调查的突然跳升将推动货币政策委员会采取更审慎的立场。市场密切关注周三的Copom决定，因为它将塑造远远超出此次单一会议、延伸至2027年的利率路径预期。
Analysts believe the sudden jump in the Focus survey will push the monetary policy committee toward a more cautious stance. Markets are watching Wednesday's Copom decision closely, since it will shape rate-path expectations stretching well beyond this single meeting into 2027.