Brazil's central bank maintained the benchmark Selic rate at 13.75% per year, per agenciabrasil.ebc.com.br.
The decision follows President Lula's re-election, which has raised inflation fears and led to rate-cut hopes fading, Reuters reports.
Analysts note that Brazil's real interest rate ranking remains high after the central bank's steady policy, as reported by folha.uol.com.br.
E14 places every story on a stack of fifteen floors, from the fields under everything to the planet acting as one. This one sits on E10, institutions; the pressure it names: interest rates. Its words also reach E12 states.
Here it is a dynamic between institutions and states: benchmark Selic rate, inflation fears, rate-cut hopes and real interest rate ranking (E10 institutions), with President Lula (E12 states).
The floor of money and rules. In this briefing: benchmark Selic rate, inflation fears, rate-cut hopes, real interest rate ranking, central bank's steady policy.
The floor of states and force. In this briefing: President Lula.