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Brazil's central bank held the Selic rate at 13.75% on November 4, 2026, unanimously ending five consecutive quarter-point cuts. The move was meant to defend the real, which weakened after the election, and the government proposed 50 to 60 billion reais in spending cuts.
Holding rates high supports the real, which lowers the dollar cost of Brazilian feed ingredients and exports. Higher domestic rates also raise financing costs for Brazilian livestock and feed producers.
brznews.comMarcus WrightNov 14, 2026After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
