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[BUSINESS] · Brazil · 103 sources (showing 100)

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Brazil Central Bank maintains Selic rate at 13.75%

The Central Bank of Brazil, through Copom, has decided to maintain the Selic interest rate at 13.75% per year, interrupting a previous sequence of cuts. The decision was driven by economic uncertainties, inflation risks, and climate-related concerns.

Financial institutions have responded by lowering their 2027 GDP growth forecasts due to high interest rates and inflation. Major banks including Itaú, Bradesco, and XP Investimentos have revised their projections downward, with estimates for 2027 growth ranging between 0.3% and 1.2%. Specifically, XP Investimentos reduced its estimate from 1% to 0.3%, while Bradesco cut its forecast from 1% to 0.4%, and Itaú revised its projection from 1.2% to 0.5%.

Industry representatives and labor unions have criticized the decision. The CNI described the maintenance of high rates as “unjustifiable,” while the Força Sindical characterized the situation as “financial extortion.” The high interest rate environment continues to leave Brazil with the highest real interest rate in the world.

Entities

André Lara Resende · B3 · BB Seguridade · BTG Pactual · Banco Central do Brasil · Bradesco · Brazil · CNI · Central Bank of Brazil · Copom · Darío Durigan · Ibovespa

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] XP analysts raised the WEG target price from R$ 53 to R$ 60 per share.
  • [● 2 SOURCES] The Brent crude oil price fell 2% after a previous 8% drop.
  • [○ 1 SOURCE] Petrobras preferred shares (PETR4) fell 6.37% to R$ 49.35.
  • [○ 1 SOURCE] Government allies are pressuring the Central Bank for a Selic rate cut.
  • [○ 1 SOURCE] The US dollar rose 9.04% following the presidential election.
  • [○ 1 SOURCE] Petrobras ADRs in New York fell by 4.40%.
  • [● 3 SOURCES] The Ibovespa fell 18.12% in a single week, its worst performance since March 2020.
  • [○ 1 SOURCE] OceanPact sold two PSV vessels, CBO Energy and CBO Wiser, for US$ 86 million.
  • [● 5 SOURCES] The Selic rate is currently 13.75% per year. agoranointerior.com.br · mauaagora.com.br · aquiagora.net · www.opresente.com.br
  • [● 5 SOURCES] The median projection for IPCA inflation in 2026 is 5.22%. mauaagora.com.br · aquiagora.net · www.opresente.com.br
  • [● 2 SOURCES] The median projection for the US dollar at the end of 2026 is R$ 5.34.
  • [○ 1 SOURCE] Gustavo Loyola predicts interest rates could remain in double digits until 2028.

Sources

A eleição presidencial acabou! E agora? [www.atualidadepolitica.com.br]