Central BanksMedium•4 November 2026•
1 min read
Brazil Central Bank Halts Easing Cycle, Keeps Selic Rate at 13.75%
Key Facts
1Brazil's central bank kept its benchmark Selic rate steady at 13.75%.
2The Copom committee voted unanimously to end a cycle of interest rate cuts that began in March.
Brazil's central bank kept its benchmark Selic rate steady at 13.75%. Yahoo Finance reported that the Copom committee voted unanimously to end a cycle of interest rate cuts that had been in place since March.
The decision follows the reelection of President Luiz Inacio Lula da Silva and aims to address rising inflation prospects and fiscal uncertainty. This policy hold aligns with recent economic data, including an unemployment rate of 5.2% reported on October 30, 2026.
The Central Bank of Brazil is scheduled to release the Copom Meeting Minutes on November 10, 2026, which will provide further insight into the committee's deliberations.