Brazil central bank to hold rates at 13.75% in pause after Lula re-election

After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% over 20.

• Dec 7, 2022Brazil Holds Key Rate at 13.75% as Lula’s Spending Plan Adds to Inflation Risk - Bloomberg+0.5%
• Mar 23, 2023Brazil’s Central Bank maintains basic interest rate at 13.75% a year | Agência Brasil-2.3%
• Oct 31, 2022Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede-5.8%
• Sep 26, 2023Brazil inflation accelerates as cenbank reiterates rate cut pace+2.3%
• May 24, 2023Lula’s Feud with Brazil’s Central Bank Raises Rates Dilemma to Global Stage+3.1%