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Brazil’s central bank kept its Selic benchmark rate at 13.75% after five consecutive quarter-point cuts from a 15% peak. The decision was unanimous and widely expected, amid worsening inflation expectations and uncertainty about fiscal policy following the election.
High interest rates can support the real by attracting foreign capital, potentially limiting the local-currency cost of imported feed inputs. At the same time, restrictive rates can dampen domestic credit and demand; no direct commodity price effect is reported.
blog.e8markets.comNov 7, 2026After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
