{
  "id": 18216019,
  "title": "Brazil’s central bank holds interest rate steady following Lula’s re-election",
  "url": "https://urgent.news/2026/11/04/brazils-central-bank-holds-interest-rate-steady-following-lulas-re-18216019",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T23:53:41.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/05/brazil-s-central-bank-holds-interest-rate-steady-after-many-cuts"
  },
  "original_language": "en",
  "account": "On Wednesday, Brazil's Central Bank maintained its benchmark interest rate at 13.75%, following the re-election of President Luiz Inacio Lula da Silva. This decision breaks a long streak of rate cuts that began in March, leaving the Selic rate unchanged for the fifth time in a row. Lula, who defeated conservative candidate Flavio Bolsonaro in a presidential runoff on October 25th, has vowed to implement more social programs during his fourth term, but critics remain skeptical about his ability to maintain fiscal balance.\n\nThe Central Bank's Monetary Policy Committee expressed caution in a statement, stating that they continue to monitor the impact of domestic fiscal policy on monetary policy and financial assets. This cautious stance comes as Brazil navigates a period of heightened uncertainty.\n\nSince Lula's victory, the Sao Paulo Stock Exchange has seen sharp losses, and the Brazilian currency, the real, has depreciated against the US dollar. Despite these challenges, Lula has presided over record employment rates and managed to keep inflation under control. However, many Brazilians remain concerned about a loss of purchasing power.",
  "summary": "President Luiz Inacio Lula da Silva ends his third non-consecutive term with record employment and controlled inflation, but purchasing power remains a concern.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Brazil’s central bank ends run of rate cuts after Lula election win",
        "url": "https://urgent.news/2026/11/04/brazils-central-bank-ends-run-of-rate-cuts-after-lula-election-win",
        "published": "2026-11-04T21:42:19.000Z"
      }
    ]
  },
  "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."
}