# Interest rates: combination of factors creates a scenario in which the Copom will find it difficult to avoid further Selic hikes

> The article argues that post-election fiscal concerns and the real’s depreciation have weakened market expectations and increased inflation pressure. It describes the Copom’s November 4 decision as a turning point and says further Selic increases may be difficult to avoid.

- Date: 2026-11-07 · published 2026-11-08T00:09:40.976Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/86633-interest-rates-combination-of-factors-creates-a-scenario-in-which-the-copom
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher Brazilian interest rates could support the real, but the fiscal risk and currency weakness discussed in the article may keep import costs elevated. The story offers a policy outlook rather than a direct feed-commodity supply change.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-09-08 | [Why the US Fed's interest rate pause is a win for dollar bulls \| The National](https://feedsoft.ai/events/34010-why-the-us-fed-s-interest-rate-pause-is-a-win-for-dollar-bulls-the-national.md) | -2.2% | +4.1% |
| USDBRL | 2024-07-02 | [Latam assets drop on fiscal policy, interest rates caution](https://feedsoft.ai/events/9454-latam-assets-drop-on-fiscal-policy-interest-rates-caution.md) | -2.8% | +1.2% |
| USDBRL | 2024-07-31 | [Brazil holds interest rates as expected, flags 'greater caution'](https://feedsoft.ai/events/29477-brazil-holds-interest-rates-as-expected-flags-greater-caution.md) | -0.2% | -2.7% |
| USDBRL | 2021-10-28 | [Brazil's real drops as larger-than-expected rate hike fails to satisfy \| Financial Post](https://feedsoft.ai/events/44779-brazil-s-real-drops-as-larger-than-expected-rate-hike-fails-to-satisfy.md) | +0.7% | +0.2% |
| USDBRL | 2020-03-19 | [Emerging Markets Are in the Fastest Collapse in a Generation - Bloomberg](https://feedsoft.ai/events/11018-emerging-markets-are-in-the-fastest-collapse-in-a-generation-bloomberg.md) | -1.1% | +2.8% |

## Sources

- estadao.com.br: https://www.estadao.com.br/economia/jose-marcio-camargo/juros-combinacao-de-fatores-compoe-cenario-em-que-dificilmente-copom-evitara-novas-altas-na-selic/

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