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

> Markets expect the Brazilian central bank to keep its benchmark rate at 13.75% at its upcoming meeting, pausing a planned cut after Lula's re-election. The headline is the only substantive content.

- Date: 2026-11-02 · published 2026-11-02T21:10:44.571Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/75888-brazil-central-bank-to-hold-rates-at-13-75-in-pause-after-lula-re-election
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A rate pause keeps domestic borrowing costs high for Brazilian livestock and feed producers, with limited direct effect on grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-12-07 | [Brazil Holds Key Rate at 13.75% as Lula’s Spending Plan Adds to Inflation Risk - Bloomberg](https://feedsoft.ai/events/38433-brazil-holds-key-rate-at-13-75-as-lula-s-spending-plan-adds-to-inflation-risk.md) | +0.5% | +2.7% |
| USDBRL | 2023-03-23 | [Brazil’s Central Bank maintains basic interest rate at 13.75% a year \| Agência Brasil](https://feedsoft.ai/events/37069-brazil-s-central-bank-maintains-basic-interest-rate-at-13-75-a-year-agencia.md) | -2.3% | -4.0% |
| USDBRL | 2022-10-31 | [Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede](https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to.md) | -5.8% | -1.1% |
| USDBRL | 2023-09-26 | [Brazil inflation accelerates as cenbank reiterates rate cut pace](https://feedsoft.ai/events/34321-brazil-inflation-accelerates-as-cenbank-reiterates-rate-cut-pace.md) | +2.3% | +0.7% |
| USDBRL | 2023-05-24 | [Lula’s Feud with Brazil’s Central Bank Raises Rates Dilemma to Global Stage](https://feedsoft.ai/events/36147-lula-s-feud-with-brazil-s-central-bank-raises-rates-dilemma-to-global-stage.md) | +3.1% | -3.6% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2026:newsml_L6N46J0MQ:0-brazil-central-bank-to-hold-rates-at-13-75-in-pause-after-lula-re-election/

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