
Brazil’s central bank held the Selic rate at 13.75%, pausing after five consecutive quarter-point cuts that had lowered the rate from 15%. The decision leaves policymakers to assess the effects of earlier easing amid inflation expectations, fiscal uncertainty, global interest rates and pressure from a stronger U.S. dollar.
Keeping Brazilian rates high can support the real relative to a faster easing path, but the article describes financial-market channels rather than a direct change in feed supply or demand. No listed feed commodity has a clear price direction from this decision alone.
After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% 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.