# Brazil's 13.75% hold is looser than it looks

> Brazil's central bank held the Selic rate at 13.75%, ending a run of cuts that began in March, a decision that was widely expected and unanimous. Market inflation expectations rose, with the Focus survey's 2027 median moving to 4.76% from 4.34%, and the real weakened to about R$5.48 per dollar.

- Date: 2026-11-05 · published 2026-11-05T03:08:55.945Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/81005-brazil-s-13-75-hold-is-looser-than-it-looks
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher expected inflation and a weaker real reduce the real yield available to foreign investors and raise the local-currency cost of imported inputs. This is a financial rather than direct grain-supply driver, so its effect on feed commodity prices is limited.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-04-13 | [Brazil’s New Fiscal Plan Is Boosting the Real, Treasury Secretary Says \| Brazil News Today](https://feedsoft.ai/events/36627-brazil-s-new-fiscal-plan-is-boosting-the-real-treasury-secretary-says-brazil.md) | +2.3% | +0.4% |
| USDBRL | 2018-10-29 | [Bid on Brazil’s Bolsonaro \| articles \| ING THINK](https://feedsoft.ai/events/62739-bid-on-brazil-s-bolsonaro-articles-ing-think.md) | +0.7% | +6.1% |
| 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 | 2022-03-25 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/42474-fx-weekly-summary-brazil-issue.md) | -1.9% | -4.1% |
| USDBRL | 2026-07-29 | [Brazilian Real Gains as Fed Holds Rates](https://feedsoft.ai/events/18564-brazilian-real-gains-as-fed-holds-rates.md) | -0.0% | +0.7% |

## Sources

- ainvest.com: https://www.ainvest.com/news/brazil-13-75-hold-looser-2611/

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