# For EM Funds in Brazil, Your Welcome to Rate Cuts Just Expired

> 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.

- Date: 2026-11-14 · published 2026-11-15T12:12:47.397Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/101136-for-em-funds-in-brazil-your-welcome-to-rate-cuts-just-expired
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

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.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2017-08-08 | [Forget Cheap Brazil, It's About To Get Expensive Again](https://feedsoft.ai/events/69660-forget-cheap-brazil-it-s-about-to-get-expensive-again.md) | +1.6% | -0.1% |
| USDBRL | 2025-09-18 | [UBS BB cuts exchange rate forecasts, sees firmer real on US easing and Brazil’s rates](https://feedsoft.ai/events/23092-ubs-bb-cuts-exchange-rate-forecasts-sees-firmer-real-on-us-easing-and-brazil-s.md) | +0.2% | +2.4% |
| USDBRL | 2021-07-23 | [Brazil's real gains on rate-hike bets, but loses for the week \| Financial Post](https://feedsoft.ai/events/46261-brazil-s-real-gains-on-rate-hike-bets-but-loses-for-the-week-financial-post.md) | -3.0% | +3.8% |
| USDBRL | 2020-11-26 | [Brazilian Real is the most undervalued EM currency - IIF - Forex Crunch](https://feedsoft.ai/events/50343-brazilian-real-is-the-most-undervalued-em-currency-iif-forex-crunch.md) | -3.0% | -2.9% |
| USDBRL | 2024-09-18 | [Brazil central bank raises rates by 25 bp, first hike in two years](https://feedsoft.ai/events/12467-brazil-central-bank-raises-rates-by-25-bp-first-hike-in-two-years.md) | -0.6% | +2.9% |

## Sources

- brznews.com: https://brznews.com/article/nasdaq-for-em-funds-in-brazil-your-welcome-to-rate-cuts-just-expired

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.