Persistent above-target inflation near 4.7% and elevated 2026 expectations at 5.3% remain the dominant factors anchoring Bank of Brazil (BCB) Copom decisions, supporting the 49% market-implied probability of no change at the November Selic meeting. Following three consecutive 25-basis-point cuts to 14.25% by June amid resilient GDP growth and a tight labor market, recent IPCA-15 data and Focus survey readings have reinforced a cautious stance, with traders pricing a gradual path that balances price stability against growth support. Heightened uncertainty ahead of the October presidential election and fiscal policy risks further tilt consensus toward measured easing rather than acceleration. The August 5 Copom meeting, expected to deliver another 25-basis-point reduction, will provide fresh signals on the pace into year-end.
Ringkasan eksperimental yang dihasilkan AI dengan referensi data Polymarket. Ini bukan saran trading dan tidak berperan dalam bagaimana pasar ini diselesaikan. · DiperbaruiNo Change 49%
25 bps decrease 32%
50+ bps decrease 12%
25 bps increase 5.5%
50+ bps increase
5%
25 bps increase
5%
No Change
49%
25 bps decrease
32%
50+ bps decrease
12%
No Change 49%
25 bps decrease 32%
50+ bps decrease 12%
25 bps increase 5.5%
50+ bps increase
5%
25 bps increase
5%
No Change
49%
25 bps decrease
32%
50+ bps decrease
12%
The resolution source will be official information from the Bank of Brazil, including the statement or release from its November 2026 Monetary Policy Committee meeting, scheduled for November 3-4, 2026, as listed on the official Bank of Brazil calendar (https://www.bcb.gov.br/en/about/bcb-calendar?categoria=Monetary%20Policy%20Committee%20(Copom)). This market may resolve as soon as the statement or release of the Bank of Brazil's November 2026 Monetary Policy Committee meeting with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size.
If the specified meeting is postponed to a date and time before the start of the next scheduled meeting, this market will resolve based on the outcome of that postponed meeting. If the specified meeting is cancelled, or postponed such that no decision is announced by the start of the next scheduled meeting, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified meeting will not be considered.
Pasar Dibuka: Aug 4, 2026, 6:30 PM ET
Resolver
0x69c47De9D...The resolution source will be official information from the Bank of Brazil, including the statement or release from its November 2026 Monetary Policy Committee meeting, scheduled for November 3-4, 2026, as listed on the official Bank of Brazil calendar (https://www.bcb.gov.br/en/about/bcb-calendar?categoria=Monetary%20Policy%20Committee%20(Copom)). This market may resolve as soon as the statement or release of the Bank of Brazil's November 2026 Monetary Policy Committee meeting with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size.
If the specified meeting is postponed to a date and time before the start of the next scheduled meeting, this market will resolve based on the outcome of that postponed meeting. If the specified meeting is cancelled, or postponed such that no decision is announced by the start of the next scheduled meeting, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified meeting will not be considered.
Resolver
0x69c47De9D...Persistent above-target inflation near 4.7% and elevated 2026 expectations at 5.3% remain the dominant factors anchoring Bank of Brazil (BCB) Copom decisions, supporting the 49% market-implied probability of no change at the November Selic meeting. Following three consecutive 25-basis-point cuts to 14.25% by June amid resilient GDP growth and a tight labor market, recent IPCA-15 data and Focus survey readings have reinforced a cautious stance, with traders pricing a gradual path that balances price stability against growth support. Heightened uncertainty ahead of the October presidential election and fiscal policy risks further tilt consensus toward measured easing rather than acceleration. The August 5 Copom meeting, expected to deliver another 25-basis-point reduction, will provide fresh signals on the pace into year-end.
Ringkasan eksperimental yang dihasilkan AI dengan referensi data Polymarket. Ini bukan saran trading dan tidak berperan dalam bagaimana pasar ini diselesaikan. · Diperbarui



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