
Brazil’s central bank kept the Selic rate at 13.75%, pausing its easing cycle. The decision followed rising fiscal concerns, a weaker real and a stronger dollar, while the bank also noted a tougher inflation outlook and cooling activity.
Holding rates can support the real, but fiscal risk and a stronger dollar are weighing against that effect. A persistently weak real could make imported feed inputs more expensive in local currency.
After 12 past bullish policy events, Brazilian Real (BRL per USD) moved a median +1.5% over 5 sessions (58% higher; middle half -1.1% to +2.0%), and +2.3% 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.