# Brazil's Lula, Worried About High Interest Rates, Pledges Budget Discipline

> Brazilian President Luiz Inácio Lula da Silva reaffirmed his commitment to fiscal responsibility and said he wants to help bring down high interest rates. Investors have been concerned about public finances and debt, and his earlier election victory weakened the real and pushed up long-term rates.

- Date: 2026-11-09 · published 2026-11-09T03:09:34.332Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/88530-brazil-s-lula-worried-about-high-interest-rates-pledges-budget-discipline
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Fiscal credibility and interest-rate expectations can affect Brazil’s currency and financing conditions, but the pledge did not include new measures that would directly change agricultural supply or demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-01-17 | [Brazil's Haddad says high interest rates will curb inflation](https://feedsoft.ai/events/26715-brazil-s-haddad-says-high-interest-rates-will-curb-inflation.md) | -2.7% | -5.5% |
| USDBRL | 2017-01-18 | [Brazil says not worried about strong dollar as rate cuts intensify](https://feedsoft.ai/events/73177-brazil-says-not-worried-about-strong-dollar-as-rate-cuts-intensify.md) | -1.2% | -4.7% |
| 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 | 2024-11-12 | [Brazil’s real weakens, interest rates climb under Trump effect](https://feedsoft.ai/events/27618-brazil-s-real-weakens-interest-rates-climb-under-trump-effect.md) | -0.6% | +4.7% |
| USDBRL | 2021-12-08 | [Brazil's real rallies over 1% ahead of interest rate decision \| Financial Post](https://feedsoft.ai/events/43829-brazil-s-real-rallies-over-1-ahead-of-interest-rate-decision-financial-post.md) | +0.7% | +1.3% |

## Sources

- money.usnews.com: https://money.usnews.com/investing/news/articles/2026-11-08/brazils-lula-worried-about-high-interest-rates-pledges-budget-discipline
- investing.com: https://www.investing.com/news/economy-news/brazils-lula-worried-about-high-interest-rates-pledges-budget-discipline-5010375

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