# The real’s decline constrains Brazil’s central bank

> Brazil’s central bank left its policy rate unchanged at 13.75%, pausing its easing cycle after Brazilian assets fell. The real had depreciated by more than 18%, reaching about 5.45 per US dollar, raising concern about inflation despite weak economic conditions.

- Date: 2026-11-05 · published 2026-11-06T03:09:03.214Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/83237-the-real-s-decline-constrains-brazil-s-central-bank
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency depreciation can raise import costs and feed inflation, limiting the central bank’s room to cut rates. The report is supportive for USDBRL.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDBRL | 2022-05-05 | [Brazil's real down 2% as central bank strikes cautious note; Stocks reverse course \| Reuters](https://feedsoft.ai/events/41605-brazil-s-real-down-2-as-central-bank-strikes-cautious-note-stocks-reverse.md) | +2.2% | -4.3% |
| USDBRL | 2020-10-31 | [Brazil's central bank intervenes twice in the week in support of the weakening Real — MercoPress](https://feedsoft.ai/events/50836-brazil-s-central-bank-intervenes-twice-in-the-week-in-support-of-the-weakening.md) | -5.2% | -9.0% |
| USDBRL | 2020-04-29 | [Decline in Brazil’s Real Underscores Need for Hedging](https://feedsoft.ai/events/53837-decline-in-brazil-s-real-underscores-need-for-hedging.md) | -0.0% | -5.1% |
| 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

- agefi.fr: https://www.agefi.fr/news/economie-marches/la-chute-du-real-contraint-la-banque-centrale-du-bresil

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