Brazil · Story · Markets
Brazil's inflation and Selic rate developments
Brazil's inflation forecast has risen, and the Selic rate remains unchanged, impacting borrowing costs and monetary policy expectations.
Running story — the local press covered it again on 5 November 2026.
The story so far as of 5 November 2026
On September 21, 2026, Brazil's inflation forecast for the year was raised to 4.92% by the Banco Central's Boletim Focus, alongside a projected Selic rate reduction to 13.50%. On November 4, the Copom was expected to maintain the Selic rate at 13.75% amid fiscal uncertainty. The following day, the Banco Central confirmed the Selic rate at 13.75%, marking a pause after five consecutive cuts, which has led to debates among industry leaders regarding future rate adjustments.
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Coverage, day by day
- Markets
Banco Central holds Selic rate at 13.75%
Impact Lenders and borrowers in Brazil face continued high borrowing costs as the Selic rate remains unchanged.
Sources: G1 ↗
- Markets
Copom expected to maintain Selic rate at 13.75%
Impact Lenders and borrowers face continued high borrowing costs as the Selic rate remains unchanged.
Sources: Folha de S.Paulo ↗, O Globo ↗, AgenciaBrasil ↗
- Markets
Brazil's inflation forecast rises to 4.92% for 2026
Impact Lenders and borrowers in Brazil face a higher inflation outlook, affecting interest rate expectations and financial planning.
Sources: CNN Brasil ↗, AgenciaBrasil ↗, O Globo ↗, Folha de S.Paulo ↗
Sources in this story
Sources: each headline links to the original article on the publisher's site.