Published Nov 4, 2026, 4:32 PM ET · Updated 8 days ago · 2 sources

Brazil Holds Key Rate Steady at 13.75% After Lula’s Election Win

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Brazil Holds Key Rate Steady at 13.75% After Lula’s Election Win

Brazil’s central bank held its interest rate steady, snapping a streak of five straight cuts after President Luiz Inácio Lula da Silva’s surprise reelection roiled financial markets and worsened the inflation outlook.