{
  "id": 18196521,
  "title": "Brazil Halts Rate Cuts at 13.75% in November",
  "url": "https://urgent.news/2026/11/04/brazil-halts-rate-cuts-at-13-75-in-november",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T21:57:30.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/brazil-central-bank-holds-selic-13-75-copom-4-november-2026/"
  },
  "original_language": "en",
  "account": "Brazil's central bank stopped cutting interest rates in November, holding the Selic rate at 13.75%. The decision came after a political shock from President Luiz Inácio Lula da Silva's re-election, causing the Ibovespa stock index to plummet 13.9% in one day. The central bank's Committee for Monetary Policy (Copom) cited rising uncertainty, higher inflation expectations, and slower economic growth as reasons for the pause. Consumer prices rose 4.58% year-over-year in September, above the central bank's 4.5% target range. Analysts expect inflation to remain high, with the Focus survey predicting 5.2% in 2026 and 4.8% in 2027. The central bank will monitor the situation closely before deciding on any further policy changes.",
  "summary": "Brazil's central bank left the Selic at 13.75% in a unanimous vote on 4 November, ending five cuts as uncertainty and inflation expectations rise. The post Brazil Halts Rate Cuts at 13.75% in November appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}