BCB holds rates at 13.75% as expected; decision unanimous

Newsquawk Staff · 4 Nov 2026, 21:52 UTC

Current scenario is marked by a substantially contractionary Selic rate, a significant increase in uncertainty surrounding the reference scenario and higher inflation expectations
Current scenario is also marked by a more pronounced deceleration of domestic economic activity
This presents a challenging scenario for monetary policy, requiring serenity and caution in its conduct
Committee will continue to monitor developments to keep monetary policy adequately restrictive to ensure inflation converges to the target
Continues to monitor how developments in domestic fiscal policy impact monetary policy and financial assets, reinforcing its cautious stance in a scenario of heightened uncertainty
Recent indicators of economic activity remain consistent with a trajectory of deceleration for the full year of 2026
Risks to inflation, both to the upside and to the downside remain higher than usual, with an upward asymmetry.

Sources

bcb.gov.br

What our morning note said

US Market Open, 4 Nov, 11:18 UTC · what it led with

Democrats are projected to have flipped both the House and Senate from the Republicans.
US President Trump said he will accept the election result and is prepared to work with Democrats, while stating that veto power is one of the strongest powers he has.

Read the whole note Free to read.

Newsquawk Daily

Get the next one free, by email.

What moved overnight, where stocks, bonds, currencies and oil stand, and what’s due today. Written by our analysts.

Both market-open notes, EU and US, every weekday. No account needed. Unsubscribe any time.

If you trade

This headline was on the Newsquawk live feed at 21:32 UTC.

Use the Platform opens our news terminal in your browser, with the live headline feed. It’s news, not a broker.

Use the Platform

Free. No signup, no card.

Case studies

Headlines that moved markets

Headlines from our feed, and what the market did next.

"We are interested in the diplomatic track, but without making concessions", Al Arabiya citing an Iranian diplomatic source.
WTI crude+0.8%
"Washington has approved the draft memorandum of understanding that the Qatari delegation presented to Iran yesterday", Al-Araby Al-Jadeed reports citing sources close to the mediation team.
WTI crude−3.6%
Qatari mediators expect feedback from the US and Iran within 36 hours on a new proposal to advance talks, according to an official briefed on the talks cited by Reuters.
WTI crude−1.6%

See all 221

More on this story

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Sources

More on this story

Related headlines