# Interest Rates Held Steady

- Place: Brasília, Brazil (-15.8267, -47.9218)
- Published: 2026-11-07T02:05:41.117Z · expires 2026-11-14T02:05:41.117Z
- Floors (The Arena): E10 Institutions, E12 States
- Page: https://emergencemachine.com/brief/8ka
- AI-written summary of the sources below; check them.

Brazil's central bank kept the benchmark Selic rate at 13.75% per year, per agenciabrasil.ebc.com.br.

The decision ends a series of rate cuts following Lula's election win, Reuters reports.

Analysts fear inflation may persist as the new government navigates fiscal policy challenges, according to Finance Yahoo.

## Sources

- [Rate-cut hopes fade in Brazil as Lula's reelection fans inflation fears](https://www.reuters.com/world/americas/rate-cut-hopes-fade-brazil-lulas-reelection-fans-inflation-fears-2026-11-05/) · reuters.com · 2026-11-05
- [Brazilian banks cut growth forecasts, raising fiscal stakes for Lula](https://finance.yahoo.com/economy/policy/articles/brazilian-banks-cut-growth-forecasts-183353312.html) · finance.yahoo.com · 2026-11-06
- [Lula's election win dashes US hopes of quick access to Brazil's rare earths](https://www.reuters.com/world/china/lulas-election-win-dashes-us-hopes-quick-access-brazils-rare-earths-2026-11-05/) · reuters.com · 2026-11-05
- [Brazil’s Central Bank keeps benchmark interest rate at 13.75% per year](https://agenciabrasil.ebc.com.br/en/economia/noticia/2026-11/brazils-central-bank-keeps-benchmark-interest-rate-1375-year) · agenciabrasil.ebc.com.br · 2026-11-05
- [Brazil's central bank ends run of rate cuts after Lula election win](https://lufkindailynews.com/news_reuters/business/brazils-central-bank-ends-run-of-rate-cuts-after-lula-election-win/article_11d4ceef-3df3-5bab-b73b-3b716346424d.html) · lufkindailynews.com · 2026-11-05
- [Brazil’s central bank ends run of rate cuts after Lula election win](https://clubofmozambique.com/news/brazils-central-bank-ends-run-of-rate-cuts-after-lula-election-win/) · clubofmozambique.com · 2026-11-05
- [Brazil Remains at Top of Real Interest Rate Ranking After Selic Rate Is Held Steady - 05/11/2026 - Business](https://www1.folha.uol.com.br/internacional/en/business/2026/11/brazil-remains-at-top-of-real-interest-rate-ranking-after-selic-rate-is-held-steady.shtml) · www1.folha.uol.com.br · 2026-11-05