# Selic: Election stressed the yield curve, says Daycoval economist

> A Daycoval economist said the election increased pressure on Brazil’s interest-rate curve and that deteriorating inflation expectations led the bank to revise its outlook. The bank now expects the central bank to pause its rate-cutting cycle, after previously anticipating at least one more cut.

- Date: 2026-11-08 · published 2026-11-08T21:08:40.319Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/87981-selic-election-stressed-the-yield-curve-says-daycoval-economist
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A more hawkish rate outlook can support the real by increasing yields, though election-related uncertainty may weigh on the currency. The article does not identify a direct change in feed-commodity supply or demand.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-12-14 | [Citywire Selector \| Brazil could be the surprise story of 2021, says Pictet EMD chief](https://feedsoft.ai/events/49853-citywire-selector-brazil-could-be-the-surprise-story-of-2021-says-pictet-emd.md) | +0.5% | +4.7% |
| USDBRL | 2026-08-19 | [Brazilian Real: Election risks then renewed gains – Commerzbank](https://feedsoft.ai/events/18107-brazilian-real-election-risks-then-renewed-gains-commerzbank.md) | -1.1% | -1.2% |
| USDBRL | 2024-01-29 | [One more cut from Brazil and the Selic is ‘neutral’ \| opinions \| ING THINK](https://feedsoft.ai/events/32325-one-more-cut-from-brazil-and-the-selic-is-neutral-opinions-ing-think.md) | +1.1% | +1.5% |
| USDBRL | 2025-06-30 | [Brazilian economists expect central bank to cut rates in early 2026 despite hawkish signals](https://feedsoft.ai/events/24422-brazilian-economists-expect-central-bank-to-cut-rates-in-early-2026-despite.md) | -0.3% | +2.1% |
| USDBRL | 2023-08-07 | [Outlook for the Brazilian Real and the real economy](https://feedsoft.ai/events/34792-outlook-for-the-brazilian-real-and-the-real-economy.md) | +0.8% | +1.8% |

## Sources

- cnnbrasil.com.br: https://www.cnnbrasil.com.br/economia/money/macroeconomia/selic-eleicao-estressou-a-curva-de-juros-diz-economista-do-daycoval/

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