# Morning Call: Central Bank Halts Selic Cuts, but Brazil Keeps World's Highest Real Interest Rate

> Global markets opened without a clear direction after Wall Street rallied on falling oil prices and the Democrats' midterm victory. Brent fell almost 9% in the prior session to below $100 a barrel, and was down about 20% for the week, while Brazil's central bank paused its rate cuts.

- Date: 2026-11-05 · published 2026-11-05T15:08:44.415Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81929-morning-call-central-bank-halts-selic-cuts-but-brazil-keeps-world-s-highest
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower oil prices ease energy and freight costs for feed, but the oil move is driven by expectations of an end to the Iran conflict. Brazil's high real rate keeps domestic credit expensive.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-12-08 | [Brazil central bank makes 150 bps interest rate hike, signals another](https://feedsoft.ai/events/43827-brazil-central-bank-makes-150-bps-interest-rate-hike-signals-another.md) | +0.7% | +1.3% |
| USDBRL | 2018-05-16 | [Brazil’s Central Bank Keeps Key Rate Steady for First Time in 13 Meetings](https://feedsoft.ai/events/65229-brazil-s-central-bank-keeps-key-rate-steady-for-first-time-in-13-meetings.md) | -0.8% | +1.2% |
| 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 | 2018-05-22 | [brazil-currency-weakness-halts-the-interest-rate-cuts](https://feedsoft.ai/events/9714-brazil-currency-weakness-halts-the-interest-rate-cuts.md) | +0.5% | +0.6% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |

## Sources

- monitordomercado.com.br: https://monitordomercado.com.br/noticias/mercados/434420-morning-call-bc-interrompe-cortes-na-selic-mas-brasil-segue-com-maior-juro-real-do-mundo/

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